BTCUSD (4h): Why should we be watchful? 13k possible, BUT ...
Updated
If we look at the Fibs, we see that the last corrections were always down to Fib 0.5. For a short-term correction this would mean a range of 10K. If we look at a correction since the run started, we'd be at 7-8 K.
Many write in their posts that it will continue to rise. Yeah, that could be for sure.
Since the beginning of the year, the price has risen. So we should be good in profit. To gamble away this profit due to thoughtless and too greedy trades, must be well calculated. When we are in such a strong uptrend, a strong fall can follow. Nevertheless, a further up to 13K is possible. And don't forget. After each upward movement there is a correction. And the further we climb, the deeper we fall.
And don't forget: this could be a double top.
Let's see what happens. Happy trading. :-)
[url=
]
Many write in their posts that it will continue to rise. Yeah, that could be for sure.
Since the beginning of the year, the price has risen. So we should be good in profit. To gamble away this profit due to thoughtless and too greedy trades, must be well calculated. When we are in such a strong uptrend, a strong fall can follow. Nevertheless, a further up to 13K is possible. And don't forget. After each upward movement there is a correction. And the further we climb, the deeper we fall.
And don't forget: this could be a double top.
Let's see what happens. Happy trading. :-)
[url=
Note
main resistance reached!Note
13.000 happened! and now? look at my new post ... here: 
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
Related publications
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.