Bitcoin LOSING COINBASE:BTCUSD the $33500 and closing below it for the W chart, have a big chance to visit the $21K and establish it as a bottom for this Bear Market
this is Long term Idea.
Reaching this level will buy a huge and last opportunity to buy BTC at this Level
What is a Tripple bottom reversal?
There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal.
is the market forming a Tripple Bottom...
2 scenarios are in Play here, Im still confident about the price bounce back from this Level to a New ATH.
Failing and crossing below $53k, it will send us back down to retest the $44K Area and resume to a New ATH.
In Both Cases, i still believe we will see a NEW ATH before the end of the Q4
71% of ADA are still staked and not moving, Price now at a Major Support where Buyers will Step back in.
I m Highly positive that $1.5 is the Floor price for ADA, so now its a Good Entry Price.
Targets are $4 Area