So in my no nothing world BTC is headed to the $4000 maybe even less area. Mind you with current conditions ! I don’t wanna hear but Travis the 6th says it all lol. Yes there could be a chance that the 6th is a day a large whale makes orders which sets a supply or demand area, but I’m not buying it for just a bull run only. I know there are many bulls by nature as we want to make money but we have to stop buying into hype and fantasy. People this is how we lose money ! Ok let’s take a look.
We have a few key items to look at here . The first is the obvious downtrend, do we all agree ? Good! Now one of the first lessons we all learn is what ? Yes Tommy your correct DONT FIGHT THE FUCKING TREND ! Ok so next up we see we have formed a double bottom now although everyone is calling this a double bottom it’s not a true double bottom. A double bottom by definition is the same resistance as the last lowest low. Our last lower low was technically a higher low then the previous, but let’s call it a double bottom. So after a double bottom there is supposed to be a outbreak correct ? This is where everyone fails to see what is ahead. Our actual double bottoms outbreak was already rejected at the 10k area effectively forming a double top (fake) at this point the real in effect breakout is a continued move downwards. The key is if it’s rejected at the $7588 area where heavy resistance is laying currently. Further if it is rejected you can expect the next key area to watch is around $7044, for this is crucial to bounce here if it does not adios BTC cause it’s going to Australia. Now this is Crypto and any type of news or whale could change all at but that’s how I see it now, and any advice is not financial advice. Investing is a risk and you can lose money taking that risk !