Hey guys!
Today, I'm seeing a rather dim picture for Bitcoin.
It appears that we're currently experiencing ABC Elliott correction waves. Furthermore, despite a minor uptick, I'm observing a bearish divergence, and overall, trading volumes seem somewhat weak. The weekly support line is situated around $52,000.
Additionally, historically, BTC tended to correct 2-3 weeks before halving events...
If you're considering trading this movement, don't forget to set up a stop-loss and follow a risk management strategy.
What are your thoughts, guys? Do you believe we'll retest $52,000, or are we headed back towards reaching $100,000?
Today, I'm seeing a rather dim picture for Bitcoin.
It appears that we're currently experiencing ABC Elliott correction waves. Furthermore, despite a minor uptick, I'm observing a bearish divergence, and overall, trading volumes seem somewhat weak. The weekly support line is situated around $52,000.
Additionally, historically, BTC tended to correct 2-3 weeks before halving events...
If you're considering trading this movement, don't forget to set up a stop-loss and follow a risk management strategy.
What are your thoughts, guys? Do you believe we'll retest $52,000, or are we headed back towards reaching $100,000?
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.