BTC correction
Updated
Hi guys. Thanks for reading my idea, and I would appreciate it a lot if you to share yours in the comments.
As many of you may know about the upcoming economic events (if you don't, you can see it in "Fxstreet" website) then, there is a good chance that those events will have negative effects on the high-risk markets and could cause another selling pressure on the chart. Meanwhile, I think the recent BTC rally needs a correction in order to continue its bullish move, as the price hits the upper line of its bullish channel. If the price correction takes part, it may hit somewhere between 18000-18400. But be aware that if it breaks that support, it may continue the previous bearish moves.
Another scenario is that the BTC continues its rally, according to all accumulation unchain data ( you can see related unchain data in Glassnode, Cryptoquant, and Santiment websites)
Collectively, PLEASE DO NOT MAKE YOUR TRADES ON THIS and DO YOUR OWN RESEARCH.
Thanks for reading, and I will delightfully read your comments.
As many of you may know about the upcoming economic events (if you don't, you can see it in "Fxstreet" website) then, there is a good chance that those events will have negative effects on the high-risk markets and could cause another selling pressure on the chart. Meanwhile, I think the recent BTC rally needs a correction in order to continue its bullish move, as the price hits the upper line of its bullish channel. If the price correction takes part, it may hit somewhere between 18000-18400. But be aware that if it breaks that support, it may continue the previous bearish moves.
Another scenario is that the BTC continues its rally, according to all accumulation unchain data ( you can see related unchain data in Glassnode, Cryptoquant, and Santiment websites)
Collectively, PLEASE DO NOT MAKE YOUR TRADES ON THIS and DO YOUR OWN RESEARCH.
Thanks for reading, and I will delightfully read your comments.
Trade closed: target reached
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