This prediction is based on comparison of price action from April/May 2021 to Oct/Nov 2021. And keeping in account MA50 and EMA20 moving averages on daily timeframe.
* Look at Higher Highs (HH)
* Look at Higher Lows (HL)
* Look at Lower Low (LL)
* Look at bearish cross over of MA50 and EMA20
Above are following exactly before the big May 2021 drop.
Now if following happens, we are up for a big big 51% crash. Fractal would be invalidated if BTC manages to make a Higher Lower (HH) instead of LH
* Potential LL is in making that would mean a drop to $50k - 27% drop as per April
* 26% Rebound to 50MA to $63500 - Lower High (LH)
* Fail to reclaim 50MA convincingly
Which would result is 51% drop to $31k.
* Look at Higher Highs (HH)
* Look at Higher Lows (HL)
* Look at Lower Low (LL)
* Look at bearish cross over of MA50 and EMA20
Above are following exactly before the big May 2021 drop.
Now if following happens, we are up for a big big 51% crash. Fractal would be invalidated if BTC manages to make a Higher Lower (HH) instead of LH
* Potential LL is in making that would mean a drop to $50k - 27% drop as per April
* 26% Rebound to 50MA to $63500 - Lower High (LH)
* Fail to reclaim 50MA convincingly
Which would result is 51% drop to $31k.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.