Hi, I try to post often so if you could follow and like it would mean a lot to me.
In my previous idea I talked about BTC breaking down the 45K support and that scenario played out today. I expect a price movement similar to what happened in june. The OBV is decreasing and altcoin market is bleeding out and for now is very risky to enter a trade with high leverage. I think that we will hit levels between 35K-37K in the mid term. After that a BTC uptrend will probably resume, since I don't see the coin reaching levels below 20K this year. Watch out, there will be plenty of oportunities to invest in crypto this year so don't chase any profits if the risk is very high. Comment what you think and check out my related idea. Thanks!
In my previous idea I talked about BTC breaking down the 45K support and that scenario played out today. I expect a price movement similar to what happened in june. The OBV is decreasing and altcoin market is bleeding out and for now is very risky to enter a trade with high leverage. I think that we will hit levels between 35K-37K in the mid term. After that a BTC uptrend will probably resume, since I don't see the coin reaching levels below 20K this year. Watch out, there will be plenty of oportunities to invest in crypto this year so don't chase any profits if the risk is very high. Comment what you think and check out my related idea. Thanks!
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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.