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BITCOIN - Shakeout Bounce
Bitcoin
Long
BITCOIN - Shakeout Bounce
By dRends35
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Updated
Jul 22
5
1
1
Jul 21
Bitcoin is moving on up after a
fast
whipsawing shakeout bounce.
This is a typical liquidity snatch of the market makers and now that it has happened, there is more strength in the area.
Notice how it devastating it looks here!
And it was bought back up in a hurry; right at the 0.618.
As I'm writing this it correcting back down but this area should now be very strong for continuation upward.
Not advice.
Jul 22
Note
Might be completing a 3 wave correction here on low time frame.
Could be moving on up soon 👍.
Jul 22
Note
Another wild and whipsawing wave down yet again bounces exactly at the 0.618 again.
Nice moment to buy up dips. I bought a bunch of altcoins and BTC miners.
Trend Analysis
dRends35
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