Bullish Case for BTC
Updated
For the past couple of weeks, BTC seems to be in a continuous downtrend with the current prices around the critical levels, there is extreme fear in the market and any average guy can see that inverse Cup and Handle on weekly chart which is about to break downward. Still, bulls have a chance to push the market upward, BTC is currently at a perfect spot for a long, global fib levels are also supporting the presence of good support around 33k.
In case we break 32.9k then its gonna be either straight flush downward or a very choppy market
In case we break 32.9k then its gonna be either straight flush downward or a very choppy market
Trade closed: stop reached
BTC broke the 32.9k level. I guess it was meant to happen since everyone was watching that level, I am personally out from long position, will monitor the price action further to see what the market is going to throw at us.
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.