Monthly ichimoku bearish???? for BNC:BLX by meteortradinggroup

In monthly time frame, the similar pattern in ichimoku are formed, it need to pass 4days and 6 hours to close monthly candle and then Tenkan Sen will get completely the candle and price will surge to lower level sharply.

my bearish targets: 1)32k-30k target for going sideway,

2)16.5k to 19.8k is my second targets

3)if we face a very devastating news in coming days 1.45k to 3.5k is not far from us(in theses scenario the correction can be 3 waves(slow movement) or 5 waves( sharp movement)).

it’s no need to say that, all fundamental news comes at right time, it’s time to correct more deeply so prepare yourself for another pack of bad fundamental news in the crypto space. the SEC and Chinese government is just a start to prepare our mind for another bearish movement.

there are lots of people think the governments are against cryptocurrency market and they want to get ride of it????? I have question from them? who are the most important investors in cryptocurrency market??? 1)ordinary people(small fish) or 2) the head of different countries(big whales)???? the reason for making the bad fundamental news is the price can not rise and rise and rise without any break, after a while it needs to come back again and make some correction to prepare for another bullish movement . plz think in that way, after each bullish and bearish movement all of us search trough the net to find the reason for that movement, we read from their sites! their made for us reason for that movements.

all in all, I expect a sharp movement in coming day from 45720 to at least 30k. try to use SL for all of your trade.

it’s need to mention that, it is my point of view not trading advice. so do your own research and try to trade on your own risk.

have a good trade


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