BTC - Downtrend after 50% Correction
Hey guys!
We had a big 50% correction of BTC within the last 30 days.
After failing to break out through 10000, I expect a new minor downtrend within the next few weeks before becoming bullish again.
6500-7000 could be a great buy target in my oppinion.
In longterm I expect much movement between support and resistance levels like shown in graph.
If BTC crosses the 10000, I will get in after uptrend is confirmed.
Happy trading!
**** Notice: That is my personal oppinion, no trading advice. Your money, your trade, your risk and your responsibility!
We had a big 50% correction of BTC within the last 30 days.
After failing to break out through 10000, I expect a new minor downtrend within the next few weeks before becoming bullish again.
6500-7000 could be a great buy target in my oppinion.
In longterm I expect much movement between support and resistance levels like shown in graph.
If BTC crosses the 10000, I will get in after uptrend is confirmed.
Happy trading!
**** Notice: That is my personal oppinion, no trading advice. Your money, your trade, your risk and your responsibility!
Trade active
here we go guys ... be awareTrade active
Possible short term channel trading ....mid term stop: 6000-6500
Trade closed: target reached
Get ready for correction.Target of 6500-7000 should be reached soon!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.