DatTong

BItcoin - Bull market after 50% correction?

Long
BITFINEX:BTCUSD   Bitcoin
Hi all, nice to see all again from several months. Here is the recap from last time prediction:
- BTC made top if the next Monthly cadle is black.
- The bottom is around 30,000 for the correction.
You can find all the views here
Another bottom calling around 41,000

And now the next move:
- Last month's candle close above 61,000 which is enough to well position above any supply zone of the market. This means price successfully penetraded most of available supplies during the fluctuation in smaller timeframe around 60,000-61,000.
- Bitcoin may go up from here and break the last month High if today's candle closed around 62,000-63,000.
- Any corrections back up to 53,000 still keeps the bullish view in place and it even presents nice chances to add more to the position.
- Any corrections lower than 43,000 is bad for Bitcoin and invalid the view.

All above events should happen within this month only.

I myself prefer the first option as I think it's enough.

For Altcoins, it's good to accumulate your faviourites Altcoins as long as BTC is above 60-61k.

FREE Telegram: General news: t.me/ForexCoach
Crypto: t.me/DatTongCrypto
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.