BTC Update on November 26 - D1 Frame: BTC is currently at the resistance zone of the old peak 93. If it breaks, it will drop to the 89-90 zone. And it may move within the 89-94 range for a few days. If it breaks the 88 zone then...🥲
- D4 Frame: the red column in the D4 frame from 99k to the present is a pretty bad reversal candle. It has been a long time since we had a reversal candle all the way to the D4 frame. 2 days ago, the D4 candle ended. If BTC does not close above the 95k zone, the next D4 candle will likely remain red...
- W1 Frame: there is a possibility that BTC will drop as deep as the 89-90 zone, I hope it doesn't break. If it breaks, we will have a new downtrend according to the W1 frame. This correction will last longer and BTC may drop to the 80-85 zone.
=> Assessment: - Sorry guys. Although the ETH I mentioned yesterday is stronger than BTC, however, if BTC drops, all coins will drop, so you small investors just hold on. - As long as BTC holds the 89-90 zone, altcoins will definitely soar, so feel free to accumulate from this 93 zone. - BTC often causes fear when it corrects, and nobody dares to buy back. So stay calm. The 93-95 zone from my previous assessment could be the bottom of the W2 frame, a 1k price drop is fine. So you can gradually invest and accumulate from this zone, and add DCA if it drops further.
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