$BTC today‼️
If you're reading my feed, then you've followed me through this part of the Bitcoin price action.
We traded each move quite successfully.
The other day, I predicted that bears would continue to press down to the 200-week moving average ($58,000).
The price chart shows imaginary lines after each major correction.
Further, I predicted that the price would begin to recover.
The first time, the price recovered by 118%, the second by 73%. Now, I believe the price will recover by 20 to 35%, after which it will continue to decline.
This assumption is based on the crowd reaction after a correction, when many players try to buy the asset at a local bottom.
Buyer power decreases based on the length of each downward channel. But as soon as many people start opening massive short trades, the trend will reverse.
This has always been the case and will continue to be the case.
I wish everyone profits!