In my opinion, the market is trying to exit from long-term correction. Even though it has to go through a difficult path. Therefore it is soon to decide correction is over!
At the first step, it should pass the 26-28k resistance zone. secondly, it should remain on the top of the monthly RSI trend that I will show you in the analysis picture below and also break the weekly bearish trend line. However, it has broken the daily bearish trend line.
In short-term analysis, it has created a falling wedge (reversal) so it is expected to witness an increase of about 27-26k. But before that consider the bearish divergence in the daily chart. As a result, we can be patient in buying our coin when BTC is correcting until around the 21-20k zone and set your stop loss below the SL line
Good luck and be profitable ❤️
At the first step, it should pass the 26-28k resistance zone. secondly, it should remain on the top of the monthly RSI trend that I will show you in the analysis picture below and also break the weekly bearish trend line. However, it has broken the daily bearish trend line.
In short-term analysis, it has created a falling wedge (reversal) so it is expected to witness an increase of about 27-26k. But before that consider the bearish divergence in the daily chart. As a result, we can be patient in buying our coin when BTC is correcting until around the 21-20k zone and set your stop loss below the SL line
Good luck and be profitable ❤️
Trade active
Trade closed: target reached:
It wants to rest at this zone so I save my profit at 38% and wait for another chance .
