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Analysis up on #BITCOIN
Hello friends.
If you checked my last analysis on bitcoin I mentioned if the price failed to stay above 50K we could see a sharp drop to the downside and indeed this what happens. The link to the previous idea is below this one.
Now what: looking at the monthly candle I see a very ugly bearish candle and I am hoping the market will not close the month this way, because if it will, we better bag our things.
Almost 500 billion disappeared from the market it is not a small amount, will it come back again? let's see.
there is a ton of investing opportunity right now in the market, but I am hesitant to deploy more money right now unless I see some bullishness on the daily chart, like bitcoin closing today above 52K.
If bitcoin failed to close above 51000-52000 the market might fall to test the support level near 44000, but I hope it will not go this far
Safe trading everyone
Check today analysis below⠀
>> "The goal of a successful trader is to make the best trades. Money is secondary"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis up on #BITCOIN
Hello friends.
If you checked my last analysis on bitcoin I mentioned if the price failed to stay above 50K we could see a sharp drop to the downside and indeed this what happens. The link to the previous idea is below this one.
Now what: looking at the monthly candle I see a very ugly bearish candle and I am hoping the market will not close the month this way, because if it will, we better bag our things.
Almost 500 billion disappeared from the market it is not a small amount, will it come back again? let's see.
there is a ton of investing opportunity right now in the market, but I am hesitant to deploy more money right now unless I see some bullishness on the daily chart, like bitcoin closing today above 52K.
If bitcoin failed to close above 51000-52000 the market might fall to test the support level near 44000, but I hope it will not go this far
Safe trading everyone
Check today analysis below⠀
>> "The goal of a successful trader is to make the best trades. Money is secondary"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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