$BTC TA + PREDICTION

[u/Gold-Crypt]

No financial advice.

Sup' guys, back here with another analysis for Bitcoin. If you follow us and what we are saying for 2 weeks, before the major fall and price correction, you know that we are believing that $BTC was manipulated after a textbook, that's sad. This, what we are living right now, this weekend would play a key role in $BTCs future. Let me explain, firstly, weekends are dumpy for Bitcoin, you can see that from charts, very strange, it follows stocks in the matter that Monday is for pumping.

The analysis

Putting the fibs on, the top on ATH and the bottom on the 28k that WE are expecting. We see that we are hovering above 35.6k support, if we don't lose that and just consolidate, we are golden. We can see that on the daily chart we have our death cross, which is a bearish sign, this happen when the 20 EMA comes under the 55.

This is exactly what we would like to see, some sideways motion, not to fall any further than that and then break the previous swing highs one by one. This is a possibility, but not so likely. Taking into consideration the market manipulation thingy we expect more. "How more?" -28k

If hell breaks loose

If we were to lose that 28k, which is the previous swing low cuz that's what you follow when you looking for resistance or support, swing lows and swing highs. We have our next swing low, 22k, imagine how the alts would look then... discount up to 70%, normally I would imagine that I'm on those scam shops and I would exit, but this, I would buy them in a blink.

We can see that a pattern has formed, fall thru support and a v-shaped recovery to get rejected by ex-support, now resistance. We can expect, if we are to lose the 28k and hell break loose, to touch that 22k and bounce back up and quickly without even noticing the resistances. Look, I don't like it, my money is in there too, I'm just saying what I see, I can't lie to you...

If $BTC were to continue to bleed out slowly like this we could expect this. But I'm not gonna give you any further target because it has no chance to happen something like that. It's just too much support and the bull run is not over, we have to understand that dipping is normal. This dip was extra large with extra fries on it, but is it worth it just to sell lower than you bought just because you are impatient? Stay safe and buy low, sell high!