April 19, 2024

Bitcoin, preparing BigShort for correction

The idea is on TV: ru.tradingview.com/chart/XBTUSD/rbF9tLwq-big-short-na-podhode/
Bitcoin continues to consolidate. In my opinion, weWe are in the distribution phase and wean impressive correction awaits after the bullish rally. Before the fall, there is a possibility that there will be a lumbago to 10080-10200. I base my forecast not on my “wants”, but primarily on the Fibbonacci strategy (not in the classical presentation, personal development) + angles and Gann cycles.
Cancel my forecast, a breakdown of 10400.
Apart from Bitcoin, all markets are overheated, and most likelythe summer will be corrective, since the world situation, of course, has improved compared to April, but nevertheless we have a crisis and global unemployment at record levels has not evaporated.
Now the markets are euphoric and greedy (which quickly replaced fear and despondency).
I understand that it is always better to work with the trend and90% of analysts are now talking about unprecedented heights for Bitcoin, and those who are deeply convinced of this as well - put stops and be mentally prepared for a new fall.
All the best and love!
I would be grateful for likes and subscriptions if the forecast at least helped you form an alternative opinion!

Bitcoin, preparing BigShort for correction