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ProjectSyndicate
13. Sept. 2021 08:58

BTCUSD D1: 22000 USD 65% correction WORST CASE(NEW)ย Short

Bitcoin / United States DollarCoinbase

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BTCUSD D1: 22000 USD 65% correction WORST CASE(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: speculative setup. use FIXED SL.


๐Ÿ”ธ Summary and potential trade setup
::: BTCUSD one day/candle chart review/outlook
::: today we will do something different
::: correction in progress not over yet
::: and review ABSOLUTE WORST CASE scenario
::: for BTCUSD which is 65% correction
::: off the highs at 64 000 USD
::: not highly likely / although keep an open mind
::: via correction from HIGH/LOW
::: on the right summer 2019 A/B/C correction
::: HIGH/LOW was 65% correction
::: frin 13 600 to 4600/4800 USD
::: this is the WORST CASE scenario
::: typically BTCUSD will do 25/35% correction
::: before reversal
::: SEPTEMBER is WORST month last 10 years
::: for BTCUSD based on seasonality data
::: so message for the BULLS
::: stay out of this market in September
::: let's see the monthly close in September
::: then we can get the idea for the bottom
::: My BULL CYCLE target is still 150 000 USD
::: if we get a DEEPER correction still BUY LOW
::: overview of recent corrections in BTC below
::: January 2021 - 30% correction
::: Aug/Sept 2020 - 20% correction
::: summer 2020 - 20% correction
::: March 2020 - 60% correction
::: September 2017 - 40% correction
::: BUY/HOLD / do not expect miracle gains
::: lower probability scenario but
::: KEEP AN OPEN MIND
::: good luck traders!
๐Ÿ”ธ Supply/Demand Zones
::: N/A
::: N/A
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/150 000 USD
::: Sentiment outlook short-term: BEARS/35 000 USD

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Kommentar

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worst case scenario aligns with 5 waves setup
BTCUSD D4: PLAN B 500% gains BEST LEVEL TO BUY/HOLD(SWING)

Kommentar

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overview of higher probability scenarios for this correction
BTCUSD D1: JUST BUY/HOLD: 3 SCENARIOS FOR CORRECTION (NEW)

Kommentar

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supplementary to above. just posted an update on CARDANO.
ADAUSD D1 300% gains BEST LEVEL TO BUY(SL/TP)(NEW)

Kommentar

โ‹…
just posted a new setup in DOGEUSD 1000% gains
DOGEUSD D1: 1000% GAINS Best Level to BUY/HOLD(NEW)(SL/TP)
Kommentare
ThisInvestmentLooksGreat
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Thanks for broadening the possibilities range. Amongst the crypto-aware people I know, and I know a few, there are actually more people who missed the bottom (bottoms) and too scared to jump in now. So if this worst case scenario will happen I will invest all my savings in stocks of companies that produce computer mouses and laptop touchpads. Cause the "buy" buttons will be hit so hard everyone will simply destroy their devices utterly and will have to buy new ones. I hold this assets for quite a while now and not gonna sell even if it goes to abyss (cause whats the f..n point) but I will keep a spare mouse somewhere for this very scenario)))) Thanks again
ProjectSyndicate
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MMBTtrader
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it can dump hard

well done
ProjectSyndicate
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@MMBTtrader, yeah I agree got to keep an open mind
supremetrejdr
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not once in BTC history dump looked "comfortable" or "logical" for majority. They'll squeeze out every bull out there that thinks he can get away with HODL mentality.
mithrilsoldier
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SUPER!!!
ProjectSyndicate
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@iphonelabamersfoort, +++++
ProjectSyndicate
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this is lower probability worst case scenario.
higher probability overview via link.
BTCUSD D1: JUST BUY/HOLD: 3 SCENARIOS FOR CORRECTION (NEW)
ProjectSyndicate
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supplementary to above. just posted an update on CARDANO.
ADAUSD D1 300% gains BEST LEVEL TO BUY(SL/TP)(NEW)
Jannaseta
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22k$ dip seems crazy.

But these waves you drew could also be into something. As we had the sudden crash from the beginning of the pandemic, most got suprised with their pants down.

Now as the stock market seems to be very, very over-extended and everyone is still waiting for things to settle, we may get surprised yet again. Although more and more people are vaccinated etc., and people can start doing things outside the home we still have to pay the price from going straight on many corners with the economy as the market pumping and saving businesses (which had no customers or inflows) started.

I know nothing, but I know that you can't go the easy way all the time and expect things to be good.

In the broader sense, we've been going the (quantitative easing) easy way for quite a long time.

Now what rings a bell for me here with the crypto market and this post is that when the overall economy dumps the first time from its peak now, crypto will follow and 22k$ doesn't sound crazy at all. It may very well be. But crypto will come up as the winner, and quicker than anything else. There's no doubt about it.

Thanks for the insight and enlightening thoughts on the big picture. It's the hardest one to see.

Cheers!
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