Bitcoin parallel channel
Bitcoin is currently moving in a rising parallel channel which indicates $7500 level soon. My previous analysis showed us rising wedge and we got out of BTC at $7750 successfully.
Now, if the 6th of every month pattern follows, there is a 30% chance that BTC goes down to $7200 level, acts as a support and then rise again to break $7800 level. Other case is 70% chance that BTC goes down till $7520 level and then a bounce back to $8000 level.
I do not think we will go down to $7000 again!
Place your stop losses optimally and leave your emotions aside while trading. Good days are ahead and we are into a start of a mega bull run!
Like and follow for more!
Happy investing!
Now, if the 6th of every month pattern follows, there is a 30% chance that BTC goes down to $7200 level, acts as a support and then rise again to break $7800 level. Other case is 70% chance that BTC goes down till $7520 level and then a bounce back to $8000 level.
I do not think we will go down to $7000 again!
Place your stop losses optimally and leave your emotions aside while trading. Good days are ahead and we are into a start of a mega bull run!
Like and follow for more!
Happy investing!
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