Bitcoin short term correction before the next pump?
Updated
To begin, sorry for not updating my post for so long. I am still active trading just that have little time to share my analysis with the community. Please pardon me and feel free to drop me a message if you like to discuss anything.
My outlook for BTC is still bullish, in fact I took some profits this month and waiting to re-enter my positions.
On the technical side, BTC has broken H1 EMA and yesterday H4 EMA. However when i look at bigger time frame, trend for BTC is still up. Fundamentally, BTC followers know that halving is round the corner happening around May 2020, and increased crypto adoption and developments happening daily all across the globe.
Current price levels, we are at an area of support boxed up in my chart, for more aggressive players, you might want to buy some here. Next buy level is lower where it coincides with a Bullish Bat Pattern to buy at about $8,500, strangely this level also coincides with the Daily time frame 200EMA :)
In summary, i am short term bearish of BTC but long term bullish.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
My outlook for BTC is still bullish, in fact I took some profits this month and waiting to re-enter my positions.
On the technical side, BTC has broken H1 EMA and yesterday H4 EMA. However when i look at bigger time frame, trend for BTC is still up. Fundamentally, BTC followers know that halving is round the corner happening around May 2020, and increased crypto adoption and developments happening daily all across the globe.
Current price levels, we are at an area of support boxed up in my chart, for more aggressive players, you might want to buy some here. Next buy level is lower where it coincides with a Bullish Bat Pattern to buy at about $8,500, strangely this level also coincides with the Daily time frame 200EMA :)
In summary, i am short term bearish of BTC but long term bullish.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Trade active
Trade is active...Look out for sell level at 9250 region.
Note
Doji formed on Daily time frame. Fight is going on between the buyers and sellers.
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