Lately btc has been rallying parabolic on this bull run, so I decided to hop on.
As we all know what comes up must come down, here we do have some bearish signals being provided by the candlesticks.
$32,500 support has been broken and if we do have a close below and (fingers crossed) a retest of this level we could easily have a short term correction to $29,500 and if momentum is on our side - $27,750. Once we have achieved one of these levels, hopefully we can have a smooth bullish continuation more to the upside but only time, patience and wicks will tell.
As we all know what comes up must come down, here we do have some bearish signals being provided by the candlesticks.
$32,500 support has been broken and if we do have a close below and (fingers crossed) a retest of this level we could easily have a short term correction to $29,500 and if momentum is on our side - $27,750. Once we have achieved one of these levels, hopefully we can have a smooth bullish continuation more to the upside but only time, patience and wicks will tell.
Comment:
First target reached, lets see if we can dive deeper to $27,750