Bitcoin $7000?
Good Mornings Traders,
As many will know i have been calling for a strong correction for a number of weeks with this looking like Tulip Mania 2.0
The question is, is this just a simple correction in price action or the longer term fall of bitcoin?
Should we break the Daily 50EMA i see further downside and a potential retest of the Daily 200EMA at roughly $7000
How do you see this pullback?
Tom Hall
As many will know i have been calling for a strong correction for a number of weeks with this looking like Tulip Mania 2.0
The question is, is this just a simple correction in price action or the longer term fall of bitcoin?
Should we break the Daily 50EMA i see further downside and a potential retest of the Daily 200EMA at roughly $7000
How do you see this pullback?
Tom Hall
Note
Price has now broke out of the 4hr consolidation period.Some great comments & information below from traders :-)
Note
Note
Will key $5,850 structure support hold?Regardless of the direction price decides to break, there is a trading opportunity.
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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.