BTC analysis 8 July 2021 - WE ARE BULLISH
If I were to tell you we are bullish after today's dump. Do you think I am crazy lol. I am not a financial advisor, but here is the analysis.
The answer is we will bullishly going up unless 32 000USD is broken down.
We are in the leading diagonal going up for ABCDE in a much bigger timeframe. This timeframe is much bigger than the previous analysis posted. But until 32 000USD is destroyed, we are in a bullish market. At least in the very beginning where no one sees it yet.
Buy BTC, ETH and your favourite alts. Monitor BTC chart for that 32 000USD level as all alts follows BTC in this market. SL below 32 000USD and wait. Patience is key.
Be disciplined.
Kind regards
LZ
The answer is we will bullishly going up unless 32 000USD is broken down.
We are in the leading diagonal going up for ABCDE in a much bigger timeframe. This timeframe is much bigger than the previous analysis posted. But until 32 000USD is destroyed, we are in a bullish market. At least in the very beginning where no one sees it yet.
Buy BTC, ETH and your favourite alts. Monitor BTC chart for that 32 000USD level as all alts follows BTC in this market. SL below 32 000USD and wait. Patience is key.
Be disciplined.
Kind regards
LZ
Comment:
Comment:
After posting the analysis, the btc price pumped to 34600USD and dumped below the trendline. After the retest in the past 16 hours, the price continue to dump.
Comment:
Trade closed: stop reached
Always consider bear case. If 32 000USD is broken. Looking to catch it between 29000 - 30000 USD