#BTC    Bitcoin continues to Daily Close below orange, furt | Eternel insatisfait on Binance Square

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Eternel insatisfait

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#BTC   
Bitcoin continues to Daily Close below orange, further solidifying it as a point of resistance
Ideally, a Daily Close above $69400 would set price up for higher levels
In the meantime, Bitcoin has struggled to reclaim this area as support
$BTC #Crypto #Bitcoin   

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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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#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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