Bitcoin is about to dive again

in #bitcoin4 years ago

BTC-BIG-Shot-2021-01-21-at-10.23.24-PM.png

here is my idea how Bitcoin will go deeper from here:

a hidden positive divergence in 4H did what it could, and now a series of negative
divergences in 1h, 4h and 1d are coming to test new lows.
a bear flag is also visible.
a fibo on the last 4h swing (low of 24 Jan to high of 26 Jan) can show us a 1.618 target around 29500 USD

the handle of the bear flag also points to that number (roughly)

XBTUSD_2022-01-29_11-57-16.png

you can go to my tradingview account to play next candles from here:

https://www.tradingview.com/chart/XBTUSD/atHGU9dk-Bitcoin-to-dive-again/

cover image source: https://cnirbc.com/bitcoin-price-takes-a-dive-but-will-it-stick/

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Let's see if you are right. Interesting thought... this goes beyond rational as whales are buying now.

I see your predictions are going the right way, what do you think?