About a week ago, I posted that the recent uptick in BTC (and the broader crypto market) was as a result of Bears taking profits and that the market will dip lower once this correction runs its duration. Well, so far, my prediction is still on track and we can expect prices to climb higher over the next few days (maybe even a week from when this is published).
I believe that that mini rally (black path) within the larger uptrend (green path) has enough juice for one more leg before it pulls back. Once that happens, price might stall around that area and then push higher, setting the stage for the final leg of the larger upswing.
I personally don't like trading matket correction unless they're on the weekly or monthly chart. However, I will keep monitoring price until my prediction plays out.
What are your predictions for Bitcoin's short term price? Let me know in the comments section below.
Make sure you follow me to get future updates as they unfold.
I believe that that mini rally (black path) within the larger uptrend (green path) has enough juice for one more leg before it pulls back. Once that happens, price might stall around that area and then push higher, setting the stage for the final leg of the larger upswing.
I personally don't like trading matket correction unless they're on the weekly or monthly chart. However, I will keep monitoring price until my prediction plays out.
What are your predictions for Bitcoin's short term price? Let me know in the comments section below.
Make sure you follow me to get future updates as they unfold.
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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.
Related publications
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.