CaoDaiPhuNZ

CaoDaiPhuNZ

Friends, I have known bitcoin since 2014 and I believe in it long term, I once a holder but when I got into TA, I realized it is unwise to hold on to something that is clearly going down further? Bitcoin can reach 100k but it is the matter of months and years, now, just sell and buy again at a better price. Our next stop is somewhere from 20k - 17k range,...

CaoDaiPhuNZ

Bitcoin is pushing deeper and deeper down the Demand zone formed from mid Jan 2021. The next few days are critical as if price close below the demand zone, Bitcoin will head to 18k Target. From a pure Price Action standpoint, the candle formation looks promising. * Trade at your own risk!

CaoDaiPhuNZ

I was taught to only follow with Primary Trend, but this is an interesting buying opportunity to share. Reasons for my thinking is that: - Bitcoin has approached the Demand Zone on Weekly Chart. - H1- H4 TF, Bitcoin break trendline and making higher high (RSI Divergence if you use indicator for your analysis) Not a financial advice.

CaoDaiPhuNZ Updated 

If bitcoin can not break 60k mark, a landslide fall is coming

CaoDaiPhuNZ

Bitcoin will retrace to 0.382 Fibo level then fall from there. Set up your entry plan around 48k area based on Price Action and your own risk management plan. Happy trading.