On April 22nd $BTC closed below the 600 DMA. Two previous events in 2018 and 2020 led to 52% and 45% losses respectively. This time, a 50% loss would mean #BTC at $20k.
Since the call, BTC was down 35%, bounced and looks ready to continue.
In addition, the alert issued yesterday has been confirmed today. Let’s now have a look at recent technical signals and probabilities.
This BITCOIN overview discusses:
– candle charts and corresponding technical events for BTC;
– a classical pattern with the target;
– short and long term EW perspectives for BTC.
It is highly recommended to read the BITCOIN Monthly (link).
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