Yesterday I made an analysis on Bitcoin's near term outlook. Here I argued that the outlook was definitely bullish and a short squeeze might be triggered since so many traders are shorting at the moment.
Against all expectations, last night the short squeeze triggered, and we saw a massive increase in price. For fun, take a look at what happened on the BTC futures chart below. A 22.8% increase in price in 1 minute, this can only happen during crazy amounts of stop-losses being hit and liquidations.
Like yesterday, I'm still bullish on the short term. Point of interest is the fact that we're currently seeing 6 green days in a row. The last time we saw 6 green days was during the massive run up early January, so it's to be expected that BTC will need to cool off a little in the near future.
The most bullish scenario would be for BTC to decline between 3-5 percent, and bounce off the yellow area of minor support.
Thereafter, 40k-42k are the new major resistances. I'm not expecting BTC to hit this area again today, but later this week we could definitely see a 40k Bitcoin.
Happy trading!
Against all expectations, last night the short squeeze triggered, and we saw a massive increase in price. For fun, take a look at what happened on the BTC futures chart below. A 22.8% increase in price in 1 minute, this can only happen during crazy amounts of stop-losses being hit and liquidations.
Like yesterday, I'm still bullish on the short term. Point of interest is the fact that we're currently seeing 6 green days in a row. The last time we saw 6 green days was during the massive run up early January, so it's to be expected that BTC will need to cool off a little in the near future.
The most bullish scenario would be for BTC to decline between 3-5 percent, and bounce off the yellow area of minor support.
Thereafter, 40k-42k are the new major resistances. I'm not expecting BTC to hit this area again today, but later this week we could definitely see a 40k Bitcoin.
Happy trading!
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โ Monster Signals: t.me/monster_cryptosignals
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๊ด๋ จ ๋ฐํ๋ฌผ
๋ฉด์ฑ ์ฌํญ
ํด๋น ์ ๋ณด์ ๊ฒ์๋ฌผ์ ๊ธ์ต, ํฌ์, ํธ๋ ์ด๋ฉ ๋๋ ๊ธฐํ ์ ํ์ ์กฐ์ธ์ด๋ ๊ถ์ฅ ์ฌํญ์ผ๋ก ๊ฐ์ฃผ๋์ง ์์ผ๋ฉฐ, ํธ๋ ์ด๋ฉ๋ทฐ์์ ์ ๊ณตํ๊ฑฐ๋ ๋ณด์ฆํ๋ ๊ฒ์ด ์๋๋๋ค. ์์ธํ ๋ด์ฉ์ ์ด์ฉ ์ฝ๊ด์ ์ฐธ์กฐํ์ธ์.
๐ฏOfficial Channel: t.me/FieryTradingChannel
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๊ด๋ จ ๋ฐํ๋ฌผ
๋ฉด์ฑ ์ฌํญ
ํด๋น ์ ๋ณด์ ๊ฒ์๋ฌผ์ ๊ธ์ต, ํฌ์, ํธ๋ ์ด๋ฉ ๋๋ ๊ธฐํ ์ ํ์ ์กฐ์ธ์ด๋ ๊ถ์ฅ ์ฌํญ์ผ๋ก ๊ฐ์ฃผ๋์ง ์์ผ๋ฉฐ, ํธ๋ ์ด๋ฉ๋ทฐ์์ ์ ๊ณตํ๊ฑฐ๋ ๋ณด์ฆํ๋ ๊ฒ์ด ์๋๋๋ค. ์์ธํ ๋ด์ฉ์ ์ด์ฉ ์ฝ๊ด์ ์ฐธ์กฐํ์ธ์.