BitcoinLong
Bitcoin correction is overdue
Hello everybody
The Bitcoin has a mad rally behind it.
Now it actually looks as if it would weaken
This is exactly at the trend delimiting red line.
If the Bitcoin close below this Lini I assume a correction. With such an exponential increase, this can amount to several 100 points or even 1000 points.
It is the madness that Bitcoin al broke through at 6xxx as if they did not exist.
I strongly assumed that the BTC needed several months to break this hurdle.
Anyway, it may well be that we are staying at this level for a while now.
It's nice to see that the crypto market is starting to recover. I am currently waiting until the correction will arrive to build up my cryptoportfolio and enter into possible trades.
after such a sharp increase I expect a correction somewhere at the 23 or 38 fibo.
From there I am waiting for appropriate signals.
During the time of the crypto winter, the entire crypto market has made tremendous progress. At some point the course will adjust to the value that is only a matter of time.
The established BTC network is already amazingly large and it is growing day by day. We currently lack only mass adaptation.
Will this ever be the case that BTC is a fully-fledged payment instrument?
I rather believe that the bitcoin will be a value memory similar to gold just linked to today's technology.
we will see
enjoy the way
logindaten
The Bitcoin has a mad rally behind it.
Now it actually looks as if it would weaken
This is exactly at the trend delimiting red line.
If the Bitcoin close below this Lini I assume a correction. With such an exponential increase, this can amount to several 100 points or even 1000 points.
It is the madness that Bitcoin al broke through at 6xxx as if they did not exist.
I strongly assumed that the BTC needed several months to break this hurdle.
Anyway, it may well be that we are staying at this level for a while now.
It's nice to see that the crypto market is starting to recover. I am currently waiting until the correction will arrive to build up my cryptoportfolio and enter into possible trades.
after such a sharp increase I expect a correction somewhere at the 23 or 38 fibo.
From there I am waiting for appropriate signals.
During the time of the crypto winter, the entire crypto market has made tremendous progress. At some point the course will adjust to the value that is only a matter of time.
The established BTC network is already amazingly large and it is growing day by day. We currently lack only mass adaptation.
Will this ever be the case that BTC is a fully-fledged payment instrument?
I rather believe that the bitcoin will be a value memory similar to gold just linked to today's technology.
we will see
enjoy the way
logindaten
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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.
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.