Analyzing Bitcoin AB=CD patterns they see to appear quiet often.
Dropping from 13.2 K to 9K we had a correction of 50%.
Now the scenarios that are more likely to occur.
Dropping below B point ( 9000 ), will likely push us into a panic mode which may drop us as low as low 7000 where is a potentially good buying opportunity.
If we fail to get that low and market swings back up from mid 8000 and go above 11.2K , we are likely to continue Bull trend hitting new Yearly highs...
Market will dictate the price. Don't jump ahead of price.
Buy at a good price or don't buy at all.
Dropping from 13.2 K to 9K we had a correction of 50%.
Now the scenarios that are more likely to occur.
Dropping below B point ( 9000 ), will likely push us into a panic mode which may drop us as low as low 7000 where is a potentially good buying opportunity.
If we fail to get that low and market swings back up from mid 8000 and go above 11.2K , we are likely to continue Bull trend hitting new Yearly highs...
Market will dictate the price. Don't jump ahead of price.
Buy at a good price or don't buy at all.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.