Bitcoin broke all the Fib levels in the past few hours breaching the 0.382 level drawn from 2021 Q2 high to Q low. This for me marks the end of its bull run this cycle.
In this chart above, the FIB level is drawn from BTC ATH to today's bloodbath low. Assuming that the bottom is in:
1) BTC broke the 21W EMA, 20W SMA, 200D SMA and currently hovering above the 50W SMA at 47k after breaching it to 42k.
2) Historically speaking BTC will continue to hover here as Alts take over gradually.
3) BTC will top at the 0.702 level set at 60.5K coinciding with current 8W SMA. This 0.702 will mark the kiss of death for BTC before falling into bear market.
4) Meanwhile the Alts historically take over, each popping up on its terms.
In this chart above, the FIB level is drawn from BTC ATH to today's bloodbath low. Assuming that the bottom is in:
1) BTC broke the 21W EMA, 20W SMA, 200D SMA and currently hovering above the 50W SMA at 47k after breaching it to 42k.
2) Historically speaking BTC will continue to hover here as Alts take over gradually.
3) BTC will top at the 0.702 level set at 60.5K coinciding with current 8W SMA. This 0.702 will mark the kiss of death for BTC before falling into bear market.
4) Meanwhile the Alts historically take over, each popping up on its terms.
註釋
Keep an eye on the Death Star will show up tomorrow night; the 21W EMA will cross below the 20W SMA.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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Unless you figure a way to make money while you sleep, you’ll work till you die.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。