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BTC Which Way? Pump or Dump? Part 9
( if you missed Pt 1,2,3,4,5,6,7,& 8 check it out and read it).
I forecasted that BTC will hit the 60k zone on or before March 31st, 2024. in my previous post when most traders were bearish and shorting BTC, but due to the long period of consolidation, some of my followers un-followed me, thinking my forecast was wrong, now we are there in the 60k (58-62)k zone.
From my technical analysis desk, BTC will dump anytime beginning from tomorrow Thursday to Saturday this week.
So I suggest profit taking today Wednesday, however, DYOR. BTC will dump and break the 50500 support zone and the overall retracement might hit the (32-27)k zone. before resuming the upward trend.
My stance: BTC will dump in the Month of March and will break the 50500 support zone and the overall retracement might hit the (32-27)k zone.
Possible BTC move beginning from tomorrow Thursday. One long daily candle might stretch from today's daily close to 50500 tomorrow Thursday or Friday or Saturday . This week candle will close as a bearish candle.
This is not an investment advice, pls DYOR and let your research guide your investment decision.