After a strong sell-off yesterday, the bulls came out in full force and have been buying BTC in huge numbers.
In my most recent BTC analysis I talked about BTC being in a bear-flag, which it theoretically still is.
All crypto traders are currently watching this bear-flag play out. If I were a bear, I'd wait for the price to trade above this bear-flag before taking profits and starting to short. Just like we had a fake-out during last week's CPI, this break out could also end up as a fake-out.
Don't get consumed by FOMO. Wait for tomorrow morning to see what the market wants to do. If we are still above the bear-flag we could very well continue towards $25k. If not, the resistance might hold and we can move back down.
In my most recent BTC analysis I talked about BTC being in a bear-flag, which it theoretically still is.
All crypto traders are currently watching this bear-flag play out. If I were a bear, I'd wait for the price to trade above this bear-flag before taking profits and starting to short. Just like we had a fake-out during last week's CPI, this break out could also end up as a fake-out.
Don't get consumed by FOMO. Wait for tomorrow morning to see what the market wants to do. If we are still above the bear-flag we could very well continue towards $25k. If not, the resistance might hold and we can move back down.
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🎯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
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.