The next bull run is expected in 2024
We are witnessing pre bull phase right here. $BTC is preparing for the next bull run with boring sideway movement in the big picture. All targets between 18-37k are possible in this range. See chart from 2019-2020
We in blue range now.
Taking partly profits, half of position size from current short right here at $27.000 region
Keeping the other half open with SL at entry to avoid loss, in case it dumps we print more.
Thank you for your participation, enjoy profits🤝
just 2 years ago I thought making this in a single month was crazy.
now I’m making it everyday.
all you need is 1-2 quality setups a day… 💸
never give up. ❤️ $SPY
#BTC - The road to $37.500 ⛳
This analysis shows 3 different scenarios, all with the same goal.
Remember that $16.000 - $21.000 pump in January was caused by Binance and Tether buying #BTC, visiting the "New bottom" at $20.000 would be the absolute worst case (Scenario C)
Scenario A:
Respecting MA200 (Weekly) and bouncing towards $37.500 region, for me very unlikely, especially by ignoring the massive amount of retail liquidity below. I wouldnt place my bets on Scenario A as long BTC is still below EMA50 on daily
Scenario B:
Fake breakdown below MA200 (Weekly) and trapping the bears that are more than happy to short, Grabbing liquidity pool in the region of $25.000 and re testing EMA200 (Daily) that matches perfectly in the area of the liquidity pool. I see this scenario as most likely, taking out liquidity pool and tesing EMA200 and bounce
Scenario C:
This scenario is the absolute worst case and will bring #BTC down to the new bottom which is at the same time the entry of Binance and Tether. However, this scenario would take out almost $900bn worth of liquidity from retails and fully clean the liquidity pools in the downside. The perfect cleaning for a strong pump towards $37.500
If BTC loses EMA200 on daily I see scenario C as most likely, especially when considering bad inflation data, bad news regarding Debt ceiling or DCG debt that can end up in bloody red candles. Worst case is $20.000 region in my books before continue going up.
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Repeat this cycle until you get to where you want to be. ♻️