BTC analysis 29 July 2021
Updated
My bias is still bearish short term.
I counted a five wave up and personally waiting for this correction down before another leg up to 48 000USD.
However the price shows resilience that it doesnt want to dump yet. On the short there might be a potential break first to the 38200 level, I shorted the break of the symmetrical triangle above with small capital.
Play safe today. If the bear case is in play, we will see a week of bearishness.
LZ
Not financial advice
I counted a five wave up and personally waiting for this correction down before another leg up to 48 000USD.
However the price shows resilience that it doesnt want to dump yet. On the short there might be a potential break first to the 38200 level, I shorted the break of the symmetrical triangle above with small capital.
Play safe today. If the bear case is in play, we will see a week of bearishness.
LZ
Not financial advice
Note
4h 39500 level is key. its been holding that level for a day now.Note
BTC so strong...
Note
After another 12hours finally it dumped as planTrade closed: target reached
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