BITCOIN UPDATE: A DROP EXPECTED!!!
Hello traders, here's a simple yet important update on BTC.
Timeframe: 3 Days.
Update: BTC has been trying its best to maintain the 20k level and it is still holding it. After the quick drop towards the 17k, I expected BTC to rally close to the
27K level but the recent drop formed a different scenario. Looks like BTC is not done yet and it might still drop further down. As we all know that the 17k range is showing major support for BTC and if at all BTC breaks below the 20k level then 17k is the only support to hold.
According to all the F.A and T.A, I am expecting a further drop in BTC holding the 17k support and then a bounce back towards the27K by the end of the 3rd quarter. The only invalidation point will be the 17k support level.
Conclusion: This market is full of surprises so do not trade blindly. It is not a bull run, my friend where you pick any coin and it gives you 30x to 50x. This is a bear market where everything burns.
If you agree with this idea then show some support through likes and comments. Any suggestions or corrections are welcome as well.
Thank you.
Timeframe: 3 Days.
Update: BTC has been trying its best to maintain the 20k level and it is still holding it. After the quick drop towards the 17k, I expected BTC to rally close to the
27K level but the recent drop formed a different scenario. Looks like BTC is not done yet and it might still drop further down. As we all know that the 17k range is showing major support for BTC and if at all BTC breaks below the 20k level then 17k is the only support to hold. According to all the F.A and T.A, I am expecting a further drop in BTC holding the 17k support and then a bounce back towards the
27K by the end of the 3rd quarter. The only invalidation point will be the 17k support level. Conclusion: This market is full of surprises so do not trade blindly. It is not a bull run, my friend where you pick any coin and it gives you 30x to 50x. This is a bear market where everything burns.
If you agree with this idea then show some support through likes and comments. Any suggestions or corrections are welcome as well.
Thank you.
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