BTC/USDT TWO headed Dragon but nothing to worry
With the recent Market panic, I see the opportunity, Now you understand the market is volatile and can be taking different shapes.
There are two opportunities
1. BTC will take the uptrend towards the next ATH above the moving average of 100 days.
2. BTC will take a dip of approx 5-16% and restest the moving average of 200 days and continue the journey towards ATH.
There are reasons for the above.
1. Moving average 100 is retested after a long period of time approx 250 days.
2. NVT indicator is still not in the netural zone.
I believe if Opportunity 1 knocks BTC will be headed towards the next wave, but if Opportunity 2 knocks smart traders to fill the bag in parts since it seems it may drop from 5-16%.
If the MV200 is cross and BTC is not able to hold it then the BTC will fall to a bearish trend and no one knows for how long :).
Disclaimer:
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in the publication constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
There are two opportunities
1. BTC will take the uptrend towards the next ATH above the moving average of 100 days.
2. BTC will take a dip of approx 5-16% and restest the moving average of 200 days and continue the journey towards ATH.
There are reasons for the above.
1. Moving average 100 is retested after a long period of time approx 250 days.
2. NVT indicator is still not in the netural zone.
I believe if Opportunity 1 knocks BTC will be headed towards the next wave, but if Opportunity 2 knocks smart traders to fill the bag in parts since it seems it may drop from 5-16%.
If the MV200 is cross and BTC is not able to hold it then the BTC will fall to a bearish trend and no one knows for how long :).
Disclaimer:
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in the publication constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
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.