Hi people how are you?
this is my first time publishing an idea, ive been trading bitcoin since 2013
but after analyzing the market i saw that theres a huge correction incoming for the next weeks
Short range 10200 ~ 11000
Target1 : 8500
Target2 : 8200
Target3 : 7800
After the end of the correction the price will struggle for a moment than rebound heavily to the 11k usd levels, expecting more upsides
Obviously we have been in an uptrend for 6 months starting from april so its common sense to have a healthy correction.
It has been rebounding the 9100 9300 usd line as a huge support but historically in the daily chart we touched it for three times, so if it drops below 9300 usd line you can expect a huge drop in the price :D
The next trade would be to wait for a moment than rebuy in the 7900 ~ 8500 usd range.
This is not a financial advise :D
happy trading for everyone
this is my first time publishing an idea, ive been trading bitcoin since 2013
but after analyzing the market i saw that theres a huge correction incoming for the next weeks
Short range 10200 ~ 11000
Target1 : 8500
Target2 : 8200
Target3 : 7800
After the end of the correction the price will struggle for a moment than rebound heavily to the 11k usd levels, expecting more upsides
Obviously we have been in an uptrend for 6 months starting from april so its common sense to have a healthy correction.
It has been rebounding the 9100 9300 usd line as a huge support but historically in the daily chart we touched it for three times, so if it drops below 9300 usd line you can expect a huge drop in the price :D
The next trade would be to wait for a moment than rebuy in the 7900 ~ 8500 usd range.
This is not a financial advise :D
happy trading for everyone