I’ve been waiting for this moment for a very long time. And today, it finally arrived. $BTC has dropped to $76k, exactly as I predicted last year.
I disappeared because I chose to let time prove that my analysis was correct. I was tired of arguing with people who were bullish all the time, even though the chart clearly looked terrible.
$BTC has dropped to $76k. I’ve said it hundreds of times already: the most important part of this indicator is the Gray Cloud. If the price is above the Gray Cloud, it signals a bullish market, only trade Buy/Long. On the other hand, if the price is below the Gray Cloud, only trade Sell/Short. It’s that simple.
The good news is that $BTC is now sitting at the $76k support. If the CrossX indicator prints a Buy signal, there is a chance for a short-term bounce to retest the Gray Cloud once again. If it fails to break above it, the price will likely continue to drop toward the next support at $55k.