More downside for BTC

4 gen 2022

So the good news is, we broke out of the downward channel. The bad news is, we didn’t get enough support to hold above 46200 (in fact, we reflected off it, which is a bad sign). We’ve closed a couple of dailies since and the stochastic is in bear territory, so $42600 is the next downward target. I’m 95% sure we will hit that. If we get daily candles closing under it, next stop is $38500 and alts will look completely messed up. Saving some $ for the dip… it’s not over. On the upside, we usually hit the yearly pivot in a major correction once per cycle, and the yearly just got significantly higher than it was a week ago, so we're there already. There's going to be plenty of upside after this! (Not financial advice)