#BTC to reject off 28k or less/stink bids at BTC 21-19k and down
look for some 25 to 28k action as BTC's fate hangs in the balance. lol not to be to dramatic but in all reality if we dont HOLD ABOVE 25k BTC we loose the year long "up trend"
The reality is I believe we are in real danger of seeing 17-21k BTC with a possible quick crash down to 13-17k range (focusing around 15, 16, and 17-19k with a few stink bids lower just in case if this scenario plays out ie reject off 28k ish and loose 25k BTC)
we simply went up to fast during that time ie the crypto market cap doubled then doubled again in about 1 month. We basically skipped levels, in this case BTC 13-17k. we need sustained price action in those zones to build the support needed for the BEAR times. ie week hands or lack of hands at all in this price zone leads to volatility while manipulation becomes much more likely and achievable.
If we somehow break 28k (which shorter term I just don’t see in the cards) BUTTT if we BULL RUN this B1aaaatch look for 30 31k resistance and run it up to at least 35k if not 40k from there
((this would be over weeks if not months (ie lots of scalp and trading opportunities along the way to increase position)))
>In my reality, I see rejection off 28k or even 2700 27500 and eventually loose 25k and down to 19k with a quick pit stop at 23500 ish. (don’t want to see that 17k or less scenario. Even close to or under 19k #BTC worries me…. people and then groups/funds/big business will start panic selling their bags at a “STOP LOSS” so lets hold 19k if we see this scenario.
The reality is I believe we are in real danger of seeing 17-21k BTC with a possible quick crash down to 13-17k range (focusing around 15, 16, and 17-19k with a few stink bids lower just in case if this scenario plays out ie reject off 28k ish and loose 25k BTC)
we simply went up to fast during that time ie the crypto market cap doubled then doubled again in about 1 month. We basically skipped levels, in this case BTC 13-17k. we need sustained price action in those zones to build the support needed for the BEAR times. ie week hands or lack of hands at all in this price zone leads to volatility while manipulation becomes much more likely and achievable.
If we somehow break 28k (which shorter term I just don’t see in the cards) BUTTT if we BULL RUN this B1aaaatch look for 30 31k resistance and run it up to at least 35k if not 40k from there
((this would be over weeks if not months (ie lots of scalp and trading opportunities along the way to increase position)))
>In my reality, I see rejection off 28k or even 2700 27500 and eventually loose 25k and down to 19k with a quick pit stop at 23500 ish. (don’t want to see that 17k or less scenario. Even close to or under 19k #BTC worries me…. people and then groups/funds/big business will start panic selling their bags at a “STOP LOSS” so lets hold 19k if we see this scenario.