Bitcoin needs another leg down to became bullish again!
Updated
After previous BTC dump from 52920$ up to 42843$ we did see side way movements until now.
I'm bullish on Bitcoin at all and I believe that Bitcoin will pass 100000$ until end of 2021.
BUT before going up I expect another leg down up to 41K.
We may see current pullback continuation up to FIBO retracement 50%(47750$) or FIBO retracement 61% (49000$) of the previous leg down.
I will update and publish new analysis after second leg down.
My current idea for Bitcoin in short-term is bearish up to 41K.
Your Likes And Comments Are The Best Thank You.
GOOD LUCK and BE PROFITABLE.
I'm bullish on Bitcoin at all and I believe that Bitcoin will pass 100000$ until end of 2021.
BUT before going up I expect another leg down up to 41K.
We may see current pullback continuation up to FIBO retracement 50%(47750$) or FIBO retracement 61% (49000$) of the previous leg down.
I will update and publish new analysis after second leg down.
My current idea for Bitcoin in short-term is bearish up to 41K.
Your Likes And Comments Are The Best Thank You.
GOOD LUCK and BE PROFITABLE.
Note
BTC is bullish in short-term, Don't buy altcoins emotionally, I still expect a new LL for Bitcoin, Nothing has changed yet!Note
As long as BTC is stuck up between 48K-49K area, 42K and lower is achievable, If that fall happen It comes into being best opportunity to buy Altcoins in deepNote
RD- can be seen on 4H time frame between RSI and Price.Note
A big candle below 4H Uptrend Trend Line, Holy shit.Note
It seems BTC doesn't want to go lower, Major reverse can start from here IMO.Trade closed: target reached
Note
New BTC analysis will be published soon!
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