After a dramatic panic crash, BTC/USDT (Binance) is now in consolidation. Expecting an upward move till midnight.
Elliot waves worked great on 1H crash.
General consolidation could last for a few month. Considering a global economic crisis being forecasted (due to Corona Virus (Covid-19) from major analysts, coming this July, we may go even to $3k. Hodlers are to save Bitcoin from going to $10. Currently most experts mark $3.7k as a level of significant support.
Weekly chart will show today if BTC will close below 200 MA. If yes, a further fall to be expected. Weekly close above 200MA will mean a strong support at that level.
200MA have never been broken.
In any case current levels of bitcoin are great for accumulation.
Elliot waves worked great on 1H crash.
General consolidation could last for a few month. Considering a global economic crisis being forecasted (due to Corona Virus (Covid-19) from major analysts, coming this July, we may go even to $3k. Hodlers are to save Bitcoin from going to $10. Currently most experts mark $3.7k as a level of significant support.
Weekly chart will show today if BTC will close below 200 MA. If yes, a further fall to be expected. Weekly close above 200MA will mean a strong support at that level.
200MA have never been broken.
In any case current levels of bitcoin are great for accumulation.
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🤖 Trading bots and trading automation tools for crypto wundertrading.com/en
📣 Sign up to get up to 10% off
👉 tinyurl.com/yss4anua
📣 Sign up to get up to 10% off
👉 tinyurl.com/yss4anua
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.