BITCOIN DOWNTREND NOT YET OVER
I believe this correction we are seeing can continue all the way up to mid Feb. From there, we will see more prolonged bullish trend all the way to the 20K mark which we should see by March.
However, If BTC breaks the 1st resistance at 14.2 K or the the 2nd one at 17K, then we may see an earlier reversal for this correction.
One can expect to have a decent position (Price 9K - 13K USD) if you buy right now or up to early Feb as long as it follows this trend.
This is just my thoughts.
Vince
However, If BTC breaks the 1st resistance at 14.2 K or the the 2nd one at 17K, then we may see an earlier reversal for this correction.
One can expect to have a decent position (Price 9K - 13K USD) if you buy right now or up to early Feb as long as it follows this trend.
This is just my thoughts.
Vince
Note
For the swing traders or day traders out there, we will be expecting a short bounce back to 13K, be sure to take some of the profit or at least be cautious about it. Long term, the correction is probably not yet over.Check my latest post for the 1 hour chart. :)
Note
Note
For thos long term traders, just keep holding, I would personally buy some more BTC if it goes to 10K but I guess 11K is not bad if we all have the belief that BTC indeed will go past 20K USD.
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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.