Bitcoin / TetherUSShort
BTCUSDT Analysis June 29, 2022
We are still Bearish on Bitcoin, BTC, with the three SELL signals fired in early April, another Bear Flag formed from May to June, and then the Horizontal Support Line at ($28,975) was broken. BTC has gone down further touching the ($19,620) Support Area and currently forming a Symetrical Triangle. Bitcoin is down over 50% since the indicators in April and 70% since the All Time High in November 2021. We are not trying to time the perfect market bottom, we have been buying small chunks since the ($28,975) Support Area. However, history and chart analysis has our Bitcoin bottom at and around the ($13,727) Support Area in October/November/December, 2022.
Not Financial Advice...Trade with Confidence and Control.
BTC, with the three SELL signals fired in early April, another Bear Flag formed from May to June, and then the Horizontal Support Line at ($28,975) was broken. BTC has gone down further touching the ($19,620) Support Area and currently forming a Symetrical Triangle. Bitcoin is down over 50% since the indicators in April and 70% since the All Time High in November 2021. We are not trying to time the perfect market bottom, we have been buying small chunks since the ($28,975) Support Area. However, history and chart analysis has our Bitcoin bottom at and around the ($13,727) Support Area in October/November/December, 2022. Not Financial Advice...Trade with Confidence and Control.
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tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
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