If we are still on bearish market.
This is my midterm view on BTC if we are still in bearish market which I think we still are. ((
Strong support levels are 7600-7800, 5800-6200, 4000-4300 (where the main bottom accumulation expected), 2700-3300 in worst case.
I know bearish ideas on BTC are annoying people but trend and market capitalisation flashing me this for now.
This is my midterm view on BTC if we are still in bearish market which I think we still are. ((
Strong support levels are 7600-7800, 5800-6200, 4000-4300 (where the main bottom accumulation expected), 2700-3300 in worst case.
I know bearish ideas on BTC are annoying people but trend and market capitalisation flashing me this for now.
Note
People asking why do I think market is bearish. This is one of my arguments.Note
7468 looks for me as solid bottom for first leg. There probable consolidation and further analysis if happens.Note
7468-7878.Note
8500 is a strong level of demand where we can reverse into bullish.
Order cancelled
Seems like BTC is really going to break resistance and looks bullish right now. Probably the main correction is over and BTD deals are started. If so we're doing the new (i) impulse right now.Note
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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.