At 12 hours, 1 day and 3 day time frame chart BTC is still bearish. This means there is a negative technical background for further price movement in the short medium and long term. It is a pretty good time to open short positions
In the previous analysis we said "We expect the price will slowly touch $2 800 level where lateral trend will replace the downtrend. Within next months there will be a bounce which will start a new growth wave and the price should quickly go back to the Fib 0.786 around $6 571"
Then happened a decrease and short term bounce. Currently we see that the market will easily touch $3 000 level and then crash to the Fib 1 level around $2 800.
We recommend to close all your in-profit positions and hold the coins which are below buying zone. Soon there should be a bounce as usual and you will sell them at the breakeven point.
In the previous analysis we said "We expect the price will slowly touch $2 800 level where lateral trend will replace the downtrend. Within next months there will be a bounce which will start a new growth wave and the price should quickly go back to the Fib 0.786 around $6 571"
Then happened a decrease and short term bounce. Currently we see that the market will easily touch $3 000 level and then crash to the Fib 1 level around $2 800.
We recommend to close all your in-profit positions and hold the coins which are below buying zone. Soon there should be a bounce as usual and you will sell them at the breakeven point.
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Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.