The current price action was discussed in earlier articles. Those who follow my analysis and ideas know it. They know that Bitcoin can show an increase upto $32k in order to trap buyers.
Bitcoin needs some sort of fuel, and by fuel I mean liquidity, to move up with heavy buying pressure. Currently the effort of buyers cannot be seen in the 'break out' candles that are printing at this point of time. So there's an anomaly which means something is wrong. Once retail investors will start buying Bitcoin at this level, the Bitcoin price will rise up a bit, show those investors a cookie, and boom. It'll hunt all there stop losses before actually moving up.
So my point of interest where I believe BitCoin will bounce back from after a retracement from
30-$32k levels would be from $24k - $27k. I'll be executing my buy side position once Bitcoin enters this price zone. Even if shows a further dump from the said price zone, I know that sharks and whales will buy Bitcoin heavily and would not let the price go down below $22k. So wait some time and do not panic buy right now.
That's what I'll do. Crypto markets are volatile and trade at your own risk
Bitcoin needs some sort of fuel, and by fuel I mean liquidity, to move up with heavy buying pressure. Currently the effort of buyers cannot be seen in the 'break out' candles that are printing at this point of time. So there's an anomaly which means something is wrong. Once retail investors will start buying Bitcoin at this level, the Bitcoin price will rise up a bit, show those investors a cookie, and boom. It'll hunt all there stop losses before actually moving up.
So my point of interest where I believe BitCoin will bounce back from after a retracement from
30-$32k levels would be from $24k - $27k. I'll be executing my buy side position once Bitcoin enters this price zone. Even if shows a further dump from the said price zone, I know that sharks and whales will buy Bitcoin heavily and would not let the price go down below $22k. So wait some time and do not panic buy right now. That's what I'll do. Crypto markets are volatile and trade at your own risk
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.