BitcoinShort
Bitcoin - Pullback is required, buy again lower!
Updated
In my previous analysis, I suggested buying cheap Bitcoin at 67k and now the price has gone up to 71k in a single day:
What now? Will this pump continue? It's possible, but I am waiting for lower prices because the current pump has created a huge FVGAP on the daily chart. These GAPS tend to be filled sooner rather than later. What's more, the price hit a critical point of resistance that you can see on the chart. We have 2 parallel channels, and the price is currently at this critical point. My suggestion is to wait for lower prices, 68k seems to be a strong support, but also the bottom of the ascending blue parallel channel.
Bitcoin is very bullish on the weekly chart, so there is a strong probability of prices above 100K this year. What is my ultimate target for Bitcoin for the whole bull market? I will soon share my special technical analysis on the monthly chart, and you will see a detailed graphic representation of it.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What now? Will this pump continue? It's possible, but I am waiting for lower prices because the current pump has created a huge FVGAP on the daily chart. These GAPS tend to be filled sooner rather than later. What's more, the price hit a critical point of resistance that you can see on the chart. We have 2 parallel channels, and the price is currently at this critical point. My suggestion is to wait for lower prices, 68k seems to be a strong support, but also the bottom of the ascending blue parallel channel.
Bitcoin is very bullish on the weekly chart, so there is a strong probability of prices above 100K this year. What is my ultimate target for Bitcoin for the whole bull market? I will soon share my special technical analysis on the monthly chart, and you will see a detailed graphic representation of it.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Note
Bitcoin is crashing. Down from 72000 to 69800.Note
Note
68k Reload BTCNote
Bitcoin is going down. We have now total of 3 parallel channels:Note
On the 1h chart, we have 2 strong supports:Note
Bitcoin is still bearish. Expecting lower prices. Buy lower.
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