#BTC Bitcoin is threatening to lose each of these supports | Eternel insatisfait on Binance Square

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Eternel insatisfait

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#BTC 
Bitcoin is threatening to lose each of these supports
Bitcoin is mere days away from confirming its first Price Discovery Correction
$BTC #Crypto #Bitcoin 

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Eternel insatisfait

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TOTAL CRYPTO MCAP UPDATE TOTAL IS CRASHING HARD RIGHT NOW. THERE ARE 2 POSSIBLE SCENARIOS FROM HERE: 1. MARKET WILL BLEED UP TO -15% BEFORE GOING UP AGAIN. THIS WILL COINCIDE WITH THE 2020 BREAKOUT AND RETEST. 2. THERE WILL BE A RETEST AROUND $2.75 TRILLION MCAP. THIS WILL FOLLOW THE PATTERN FROM 2020 BREAKOUT BEFORE THE RALLY.

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#BTC This is why I always talk about Weekly Closes to offer confirmation Bitcoin has downside deviated both of the crucial Weekly supports while still maintaining these as support BTC needs to lose these areas to transition into a deeper correction $BTC #Crypto #Bitcoin

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$ALTS The Altcoin Market Cap retrace continues However, it is still a much shallower retrace compared to previous corrections originating at the $425bn mark The entire purpose of this pullback is to demonstrate that the $425bn resistance (black) is weakening as a point of rejection Once this retrace is over, Altcoin Market Cap may very well break to new ATHs in the next uptrend Altcoin Market Cap breaks out to new All Time Highs in every cycle #BTC #Crypto #Bitcoin

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#BTC Price Discovery Corrections tend to occur between Week 6 and Week 8 They tend to last a few weeks Also, there tend to be up to 4 Price Discovery Corrections at most until a Bull Market ends This is first Price Discovery Correction in this cycle Which means it is an optimal re-accumulation opportunity with a high probability of price reversal to the upside $BTC #Crypto #Bitcoin

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In the 2013 cycle, it took 6 weeks of upside into Price Discovery before #BTC experienced its first major correction in Week 7 In the 2017 cycle, it took 7 weeks of upside into Price Discovery before a first major retrace of -34% in Week 8 In the 2020/2021 cycle, $BTC rallied 6 weeks into Price Discovery before BTC's first meaningful pullback of -16% It's Week 7 right now #Crypto #Bitcoin

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