Bitcoin needs another leg down to became bullish again!

After previous BTC dump from 52920$ up to 42843$ we did see side way movements until now.

I'm bullish on Bitcoin at all and I believe that Bitcoin will pass 100000$ until end of 2021.

BUT before going up I expect another leg down up to 41K.

We may see current pullback continuation up to FIBO retracement 50%(47750$) or FIBO retracement 61% (49000$) of the previous leg down.

I will update and publish new analysis after second leg down.
My current idea for Bitcoin in short-term is bearish up to 41K.

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GOOD LUCK and BE PROFITABLE.

تعليق:

BTC is bullish in short-term, Don't buy altcoins emotionally, I still expect a new LL for Bitcoin, Nothing has changed yet!

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As long as BTC is stuck up between 48K-49K area, 42K and lower is achievable, If that fall happen It comes into being best opportunity to buy Altcoins in deep

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RD- can be seen on 4H time frame between RSI and Price.

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A big candle below 4H Uptrend Trend Line, Holy shit.

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It seems BTC doesn't want to go lower, Major reverse can start from here IMO.

أغلقت الصفقة: تم الوصول للهدف

تعليق:

New BTC analysis will be published soon!