Hi everyone
Considering all markets (stocks) are strongly bearish we can not expect big rally but...
as far as we lost long term trend line from March 2020 we can not have bull trend very soon
in short term though a correction can move upward a little bit before another declining
we can expect BTC hit 38K (MAX) in short term and touch our trend line.
so if you want trade consider the situation of big markets like Dow Jones, Nasdaq and S&P 500
they are strongly affecting on Cryptos now. lets see what's next
.....................................................
this trend line in chart down below is that we didn't want to loose
Enjoy the market
Considering all markets (stocks) are strongly bearish we can not expect big rally but...
as far as we lost long term trend line from March 2020 we can not have bull trend very soon
in short term though a correction can move upward a little bit before another declining
we can expect BTC hit 38K (MAX) in short term and touch our trend line.
so if you want trade consider the situation of big markets like Dow Jones, Nasdaq and S&P 500
they are strongly affecting on Cryptos now. lets see what's next
.....................................................
this trend line in chart down below is that we didn't want to loose
Enjoy the market
Note
this is what we have on Dow Jones by now, we can see same on Nasdaq and S&P 500 the main Stock Markets. so BTC and other Cryptos can follow them
Note
Dow Jones just pulled back upward strongly as expected. and BTC did the same lets see what's next move.Note
if the price can break the 38100 resistant level it can follow our yellow lead scenario above 39500 is possible.if the price drop from 38000 downward now it can follow the green lead scenario. below 31800 is possible.
Note
can see my new update here
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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.
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.