BTC - There are many reasons why right now BTC is likely to go up, rather than correct. Not the least is the extreme FOMO on the ETF decision, and we are still weeks away. The TAs screaming for a correction right now may have not adjusted for that fundamental. Also, the solid consolidation in this zone is a bullish sign considering where BTC has been the last 8 weeks. So as you can see the support is at $7350 and has held strong with quick reversals on each pivot. The frequency of the rejection candles at the bottom of that zone out numbers the top. There is also a triple bottom and top forming on the 15 min chart. BTC now must pierce through the top of the resistance zone on to $7800. Just remember when the price starts falling it will look like the corrections is coming but that is the bots sweeping for greedy longs. The very lowest I can see for the rest off this month is actually $7246. There will be more money also pouring in next week. That of course means most of the ALTS will get smashed in the next 2 weeks. These are my opinions based on a holistic approach. I am also happy to discuss your thoughts about where BTC is headed. Will there be a correction or another move up?
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*Each individual trading position is unique and this information should not be used to formulate any type trading plan.
*Please like or follow if you are happy with this TA.
*Each individual trading position is unique and this information should not be used to formulate any type trading plan.
Comment:
BTC bulls making a challenge now.
