BTCUSD BEARISH UNTIL BIDEN's PLAN

٦ مارس ٢٠٢١

This is not a financial advice, it is your own responsibility to trade.

I have put my fibonacci target at 100k, we can see that 40k area is a golden pocket zone for this target. I expect a bounce at 39-40k area.
For now it's good to stay in fiat as SPX and BTC show correlation and both are bearish in short term.

I would like to add longs at 39-40k. Slowly take profits from 65k+ to 75k.

14th of March Biden will pump 1.9 trillion USD in the economy, it will cause a powerful bullish effect on the crypto market.


Thanks for reading my analysis!

Yours sincerely,

Adriaan