Weekly BTC Index Chart

❶ $BTC regression bands will be useful to find bottoms on the weekly chart and see where we are in the big picture

❷ Statistics show that if there is a weekly closing under the blue band, there is a 40-50% decrease.

❸ The blue band value is around 34500 this week and the closing below the value is in great danger

❹ If there is contact with the blue band value or if there are six closings, I will try to inform you here

❺ The space under the blue corresponds to a decrease of around 30-40%.

❻ Even if there is to be a decrease, first a weekly close under the blue and EMA21 semi-annual close in the analysis I have published before is required. These have not happened yet, but adjust your plan, schedule and budget in case it does happen.

We are in parallel with world markets and especially S&P. As long as it's that bad there, the probability of closing under the blue is a little higher.

Stay safe ✊

Good luck with,

It is not investment advice.