Bitcoin Target 42K!!! Don't Miss This Last Buying Opportunity...
This Bitcoin's epic dump is still keeping burn lots of long traders. It may seems no end for this dump, but did you notice it's nothing but just a healthy and completely normal level of correction...?
My target is 42K, here is the reasons.
In the last time, BTC have dumped approx 30%. So, It's reasonable to think it will be 30% or so this time too, as a rough measure, this time.
Currently it's yet only 15% of dump. Be prepared for the left of dumps.
In the last dump, the top was around 42k. TA-wisely speaking, the 42k is one of the likely targets for this dump, you could say. ( The previous highest high (resistance) become the next lowest low (support). Very much likely, isn't it? )
Also, in the last dump, you can see the dump have stopped at SMA 50 line as a support line, in daily timeframe. And, if you draw an expected SMA 50 line a little bit longer here, wow, it's roughly 30% dump, it's roughly 42k the likely support area, and it's just on the expected SMA 50 line. What a beautiful, harmonic analysis!
So, here is the target, 42k to 41k for the Bitcoin within next a week or two weeks. Very much understandable, right?
Just don't forget this: Buy the fear; Sell the greed.
The next dip will be the very last chance to buy BTC in $40000. Don't miss this damn opportunity folks...
// This is not a financial advice, take your own research and risk management before any investing activity.
My target is 42K, here is the reasons.
In the last time, BTC have dumped approx 30%. So, It's reasonable to think it will be 30% or so this time too, as a rough measure, this time.
Currently it's yet only 15% of dump. Be prepared for the left of dumps.
In the last dump, the top was around 42k. TA-wisely speaking, the 42k is one of the likely targets for this dump, you could say. ( The previous highest high (resistance) become the next lowest low (support). Very much likely, isn't it? )
Also, in the last dump, you can see the dump have stopped at SMA 50 line as a support line, in daily timeframe. And, if you draw an expected SMA 50 line a little bit longer here, wow, it's roughly 30% dump, it's roughly 42k the likely support area, and it's just on the expected SMA 50 line. What a beautiful, harmonic analysis!
So, here is the target, 42k to 41k for the Bitcoin within next a week or two weeks. Very much understandable, right?
Just don't forget this: Buy the fear; Sell the greed.
The next dip will be the very last chance to buy BTC in $40000. Don't miss this damn opportunity folks...
// This is not a financial advice, take your own research and risk management before any investing activity.