Is Bitcoin heading for a correction? Attempt №2
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Friends, some thoughts on the Bitcoin chart:
We received a buyer's reaction from $37,450, thereby removing liquidity from below (long positions), after which Bitcoin crossed the local maximum of $38,550, removing short positions. In general, they shaved both of them.
There are thoughts that we may soon see a slight pullback towards the trend line of $37,400-36,500 (6-5.5%). I think that there is now a little euphoria in the market and the majority are now preparing for a trip to $40,000; well, before going into this zone, it would be logical to see a pullback.
Guys, I put a calculator on the chart just so that you can see the zone where the price can approximately go, if you take a short position from the current values, try to do this with an increase higher.
Friends, some thoughts on the Bitcoin chart:
We received a buyer's reaction from $37,450, thereby removing liquidity from below (long positions), after which Bitcoin crossed the local maximum of $38,550, removing short positions. In general, they shaved both of them.
There are thoughts that we may soon see a slight pullback towards the trend line of $37,400-36,500 (6-5.5%). I think that there is now a little euphoria in the market and the majority are now preparing for a trip to $40,000; well, before going into this zone, it would be logical to see a pullback.
Guys, I put a calculator on the chart just so that you can see the zone where the price can approximately go, if you take a short position from the current values, try to do this with an increase higher.
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