Will BTC keep crushing? Important levels in short update!!!
BTC today🔔❗️
Rising wedge was broken. Today night BTC broke all supports and touch 50k , price bounce back as relief rally but still its below MA50 which was working as big support from long time. Now all eyes on today’s closing candle ❗️
If BTC able to finish today’s candle above 56400 than it will give confidence to market, otherwise we will retest 50k in the best option. Also I see worse possibilities if 50K won`t handle we will drop to 42- 35K zones before start growing again.
Conclusion: I think we are not in bear market, we already saw these corrections a lot of times during bull cycle ✳️
Altcoins drop fast, but they also pump hard. I`m not selling any one my assets which is underwater now.💪
P.S.
It is my personal opinion. I am not financial adviser. DYOR.
Have a nice day!!!
If you like my reviews and it help you to understand the current market situation, subscribe to the channel, like and follow the updates of ideas that are not trade recommendations.
Thanks to your likes, I understand how many people rated my review positively. Thank you very much and thank the sympathetic commentators for understanding. I spend my personal time monitoring the market situation and share my opinion with you openly. I ask you to take this point into account and treats with understanding.
Rising wedge was broken. Today night BTC broke all supports and touch 50k , price bounce back as relief rally but still its below MA50 which was working as big support from long time. Now all eyes on today’s closing candle ❗️
If BTC able to finish today’s candle above 56400 than it will give confidence to market, otherwise we will retest 50k in the best option. Also I see worse possibilities if 50K won`t handle we will drop to 42- 35K zones before start growing again.
Conclusion: I think we are not in bear market, we already saw these corrections a lot of times during bull cycle ✳️
Altcoins drop fast, but they also pump hard. I`m not selling any one my assets which is underwater now.💪
P.S.
It is my personal opinion. I am not financial adviser. DYOR.
Have a nice day!!!
If you like my reviews and it help you to understand the current market situation, subscribe to the channel, like and follow the updates of ideas that are not trade recommendations.
Thanks to your likes, I understand how many people rated my review positively. Thank you very much and thank the sympathetic commentators for understanding. I spend my personal time monitoring the market situation and share my opinion with you openly. I ask you to take this point into account and treats with understanding.