#BITCOIN Reaching TOP? Or this is just the beginning ?

٢٧ أكتوبر ٢٠٢٠

Welcome to this quick update everyone.
BTC just hitting the 13.6k resistance.
This is the level that I have been talking about since very long.
What can we expect now?
IMHO BTC is facing a high resistance area.
The upper resistance cum target area could be somewhere around 13885 to 14118.
This is the price where you can think of hedging some funds.
There's a high need for retracement right now.
BITCOIN has been pumping since 12k without any healthy correction. RSI is also highly overbought.
The fear and greed index is also very high pointing towards the high greed i the market.
I will exit 20% of my BTC here at 13.6k and buy at the correction. In case BTC closes weekly or a 3 Day candle above 14.2k I will re-enter.
To be frank BTC is very bullish IN THE LONG TERM.
Weekly looks extremely bullish. The only thing that we need is a healthy correction.

CONCLUSION: Buy the correction if you are in USDT because this is the beginning of a new era for BTC.

The most important support level to watch here is 12k now.
I could be wrong and so I am just sharing my thoughts here.

Please do your own research before investing or taking any trade decisions.

Thanks for reading.

Please feel free to hit that like button and share your views in the comment section.


Stay safe

#PEACE