Bitcoin, BTCUSD- Will it meltdown from here?

8 авг. 2024 г.

Hello Tradingview..
Often when we're confronted with drastic moves, I like to present myself with the most drastic scenarios.

Here, I present yout the Ultra Bear!
As BTC acted pre covid, wedged upwards resulting in a "50% Bearish retracement" of the previous move.
Before absolute meltdown armegadon into covid low.

I'm seeing a potential parallel here, where btc is wedging up, and at a 50% retracement of the current move.

I'm not saying this with absolute certainty that the next move is down.
But if it is, prepare for:

44k
37k
and lower..