jherryPowell

BTC consolidates in the short term BUY

Long
jherryPowell Updated   
BITSTAMP:BTCUSD   Bitcoin
After Bitcoin broke through the previous wave and rose, it has entered consolidation in the short term. Consolidation is also an opportunity to get on the car again. In the evening, the market will continue to be bullish and wait for a rebound to go long.Bitcoin operation is recommended to buy at 29,700, risk control is 29,100, and the target is 31,600~32,400.

The chart is a daily chart of Bitcoin

Bitcoin bullish is based on the following points:
1. Bitcoin will not change its upward trend in the middle of the correction.

2. According to the judgment of the Turing wave trading system, the current upward trend of C Wave 1 is still continuing, and the short-term upward relay platform has broken through.

3. The upper pressure is 31600~32400, and the lower support is 29800~29200.
Comment:
Don't worry about normal fluctuations
Comment:
normal fluctuation
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