Bitcoin- Getting back to main idea(and trend): sell rallies
Over the weekend I've argued that a relief rally can follow the strong sell-off in Bitcoin (and crypto market).
Indeed, after reaching a low at 34k, Bitcoin has started to correct and raised slightly above 36k.
However, bulls lack power, price action is choppy and the rise is not convincing.
There is no question at this moment that the medium-term trend is down and the best strategy is not to p... against the wind.
As I said in the title, I will try to sell rallies and my points of interest are 36k (yesterday's high) and 38k.
Only, AND ONLY, Bitcoin above 42k would put a stop to this bearish scenario.
Best of luck!
Mihai Iacob
Indeed, after reaching a low at 34k, Bitcoin has started to correct and raised slightly above 36k.
However, bulls lack power, price action is choppy and the rise is not convincing.
There is no question at this moment that the medium-term trend is down and the best strategy is not to p... against the wind.
As I said in the title, I will try to sell rallies and my points of interest are 36k (yesterday's high) and 38k.
Only, AND ONLY, Bitcoin above 42k would put a stop to this bearish scenario.
Best of luck!
Mihai Iacob
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🌟 Bust your trading with 50% deposit bonus:
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