club100 📍 Quick reading of BTC price action 📍 June 12, 2022
🔹️ An ancient historical area was entered, which was an area of fluctuation for the launch of Bitcoin and its strong rise, and accordingly I have two scenarios:
◾ First: The area ranges between 26K and 37K, fluctuating for a period of 210 days according to the previous historical region, and if the average between level and Bitcoin is taken by adding 100 days and 200 days, the result will be 300 by dividing by 2, the expected period for Bitcoin fluctuation will be : about 150 days.
◾ After that, we will go to a new historical peak for Bitcoin, which will be approximately 87k.
◾ If we look at the RSI, we will see that we have reached an oversold area, and accordingly a slight rise will come, and I expect that we will go with a sideways movement between 32k and 26k to improve economic conditions.
🔺️ Most likely this scenario based on the points I mentioned above.
◾ The second: breaking 26k, and if the break occurs, our destination will be approximately 19k, and beyond that it will be ascending, and this scenario was considered unlikely, but it is taken into account that nothing is impossible.
🔖 Good luck to all || 🙏🏻🖤
You have indeed given a well detailed analysis of the bitcoin. We hope to see a new retracment soon.
We hope so. Thanks.
Hello, @kouba01. Your article has been supported using the @steemcurator05 account.
Congratulations, your post has been upvoted by @scilwa, which is a curating account for @R2cornell's Discord Community. We can also be found on our hive community & peakd as well as on my Discord Server
Felicitaciones, su publication ha sido votado por @scilwa. También puedo ser encontrado en nuestra comunidad de colmena y Peakd así como en mi servidor de discordia
a well detailed post @kouba01
Thanks professor for spending time to do such a profitable analysis. I think your 2nd Scenario has been applied as BTC have dropped to 23.6K. Hope for betterment.
very informative post dear @kouba01
You have made a quality post here. I wish I have the knowledge of crypto analysis like you! Thanks for sharing with us.
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Ok thanks!