Likely Reversal From $5k Support By Mid-July
Analysis:
BTC's ceiling seems to be retracing with perfect symmetry, which will likely bring BTC near 5k by mid-July and invoke a break through where the ceiling of the mid-term retracement and long-term support levels converge around 5k to continue the long-term upward trend.
Personal:
If BTC continues it's dive down to 5k in the expected timeframe specified above, I'll take a heavy position in leveraged futures between 4.8k and 5.3k. The leverage multiple will depend on short-term trends once BTC breaks through 5.3k. I expect to post an update when/if this analysis plays out in BTC.
BTC's ceiling seems to be retracing with perfect symmetry, which will likely bring BTC near 5k by mid-July and invoke a break through where the ceiling of the mid-term retracement and long-term support levels converge around 5k to continue the long-term upward trend.
Personal:
If BTC continues it's dive down to 5k in the expected timeframe specified above, I'll take a heavy position in leveraged futures between 4.8k and 5.3k. The leverage multiple will depend on short-term trends once BTC breaks through 5.3k. I expect to post an update when/if this analysis plays out in BTC.
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.