BTCUSD 4D: Where is CYCLE LOW // path to 100% gains(NEW)


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BTCUSD 4D: Where is CYCLE LOW // path to 100% gains(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don’t overleverage.
Tagged as SHORT because I expect more short-term
losses now before reversal later (Q4 2020).

Please review my GBTC chart before proceeding.

🔸 Summary and potential trade setup
::: BTCUSD 4days/candle chart review/outlook
::: tagged SHORT because it’s BEARISH short-term
::: This chart is in sync with my GBTC outlook
::: More downside short-term / reversal later
::: GBTC is close proxy for Bitcoin price
::: GBTC chart looks like bottoming pattern
::: in progress. Not IHS / but very close
::: speculative setup. requires confirmation
::: Short-term more losses likely
::: 15-25% downside remains next few weeks
::: BTCUSD swing high was 12 000 USD
::: BTCUSD swing low was 4 000 USD
::: golden pocket is near 8 500 USD
::: recommended strategy: BUY LOW later // SWING TRADE
::: Best reload BULLS (BUY/HOLD) is close to 8500 USD
::: Technical overshoot possible on SPIKE (8 000 USD)
::: SWING traders in BTC should wait for cycle low
::: before buying to BUY/HOLD
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment outlook short-term: BEARS