Two days, BTC failed to pierce the 59k resistance, sending BTC (and the rest of the market) downwards,
Bullish pressure is still there, which made this dump only a couple of percent instead of 10% like we saw two weeks ago.
If the connect the two recent tops with the recent lows, we can construct a bearish channel. It might well be the case that BTC will follow this channel in the near term, potentially going for $45k soon.
On the other hand, I'm still bullish on the markets in the long term. There is simply too much money in crypto to let it fall like a brick. This correction might just be what we need to reach 100k at the end of the year.
Before going short, wait for the price to reverse the current short-term bullish reversal.
Happy trading!
Bullish pressure is still there, which made this dump only a couple of percent instead of 10% like we saw two weeks ago.
If the connect the two recent tops with the recent lows, we can construct a bearish channel. It might well be the case that BTC will follow this channel in the near term, potentially going for $45k soon.
On the other hand, I'm still bullish on the markets in the long term. There is simply too much money in crypto to let it fall like a brick. This correction might just be what we need to reach 100k at the end of the year.
Before going short, wait for the price to reverse the current short-term bullish reversal.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.