Bitcoin Forecast
Technically the correction (II) in the super cycle degree (red) should have reached the 12,230 level to end the correction and start the new bullish cycle. However, the possibility that this will not happen is high as it seems that in Nov 2022 we ended this long corrective cycle.
Even though another push low is not 100% discarded, we forecast that the new bullish cycle is already in place. Therefore once we have a bullish sequence, we will be interested in buying BTC. This can happen this week. We will keep you updated.
In the alternative scenario where BTC makes another lower low, we would buy it if the price reaches the 12.3 k level.
Please remember to do not to risk more than 2% of your account on each trading idea
Technically the correction (II) in the super cycle degree (red) should have reached the 12,230 level to end the correction and start the new bullish cycle. However, the possibility that this will not happen is high as it seems that in Nov 2022 we ended this long corrective cycle.
Even though another push low is not 100% discarded, we forecast that the new bullish cycle is already in place. Therefore once we have a bullish sequence, we will be interested in buying BTC. This can happen this week. We will keep you updated.
In the alternative scenario where BTC makes another lower low, we would buy it if the price reaches the 12.3 k level.
Please remember to do not to risk more than 2% of your account on each trading idea
Trading the Right Side team
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
