đžYup, you heard right,
$BTC can crash up to $86K before going up to $115K also
#Altcoins! can crash 20% - 30%. Here is the complete detail why & when?
đžÂ Letâs first discuss about
#bitcoin . Look at the chart BTC already rejected 5 times from the $99.6K zone with a fake out on 4th attempt. Right now itâs recovering and trying to achieve the $100K level again. We will look to sell there, here is the reason why?
$BTC Analysis
 đž Look at bars enclosed in red box, Lefting wicks on upward side with average volume showing bulls are not much stronger to keep upward momentum.Â
đžÂ Now look at bars enclosed in a green ellipse & volume enclosed in a red box, volume increasing but price is not increasing as compared to volume showing sellers are strong.
đžÂ Now look at horizontal black dotted rows showing lows of
#BTC that has not sweeped yet. Most probably BTC go upto $86.7K to $88K zone to sweep liquidity. After that a bounce is expected that can go upto $115K & $125K.
đž Â Many of you think why I marked this area as support? Reason is very simple: there is no proper low below these lows that
$BTC should sweep. Also it is an area of 0.5 - 0.618 FIB Retracement tool. I am not expecting any 1D closing below this level bcz $85K is a major mind level where many retailers will wish to buy who are expecting a dump. As markets never go to common areas that is why we are expecting a bounce from the above mentioned level.
đž Â In short words sell partially between $98K - $99.6K zone and then wait for $86.7K - $88K zone for buying. Now letâs discuss Altcoins.
Altcoins Analysis:-
đž Â If we look at
#altcoins are already at their lows and some below these lows, so no major downfall like last time (50% - 60%) expected. But there can be 15% - 25% correction that can help market makers to sweep liquidity below recent lows.
đžÂ What I will do with my alts bags is here. I will sell 50% alts here already holding 20% in USDT and will wait for a dip. Once my strong fundas coins sweep strong liquidity areas I will buy. Most probably we will get time to buy when BTC hits the $88K zone.
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