Short term bearish on BTC with very high selling pressure and ongoing economic concerns around the globe.
Do expect BTC to retrace back to $51k to $52k level before another leg down. I foresee BTC to touch on the $41k range and lets check again how the market develops.
Please show your support by giving a like and or provide constructive view if you have a different perspective.
Do expect BTC to retrace back to $51k to $52k level before another leg down. I foresee BTC to touch on the $41k range and lets check again how the market develops.
Please show your support by giving a like and or provide constructive view if you have a different perspective.
Trade active:
The price action is running exactly according to the line.
I see volume is waning at the moment and expect a slow and narrow retrace towards $49k and we might see a very huge leg down afterwards.
I see volume is waning at the moment and expect a slow and narrow retrace towards $49k and we might see a very huge leg down afterwards.
Trade closed: target reached:
BTC seems to have found a good support level and current trading sideways at $46k region. Suggest to close the trade and take profit.