I hope you didn’t buy BTC yesterday. It was a great retest 40K level. Please wait.
We continue waiting for the correction.
Even if you think that ATH is behind and all traders who wanted to make a big profit on this movement already did it, we don’t agree with this statement. If you believe you lost this possibility, and you won’t take any more chances, we don’t think so. We still believe that BTC will have a new ATH during 2021.
Few reasons, why we think about the correction:
- we don’t have the bullish volume at the range of 37–40K.
- we had about 300% growth without any correction.
So, there are a few strong liquidity zones below, but the strongest one is $21.800-$24.500. This is the level where we’re looking for new entry points. This scenario will be denied if BTC will update the current ATH around 42K.
A little hint: Some of the metrics show us that we have right now the same parameters that we had in 2017 ($19,200), but the market right now bigger than in 2017. If you know technical analysis, you understand what will happen in the nearest future.
We continue waiting for the correction.
Even if you think that ATH is behind and all traders who wanted to make a big profit on this movement already did it, we don’t agree with this statement. If you believe you lost this possibility, and you won’t take any more chances, we don’t think so. We still believe that BTC will have a new ATH during 2021.
Few reasons, why we think about the correction:
- we don’t have the bullish volume at the range of 37–40K.
- we had about 300% growth without any correction.
So, there are a few strong liquidity zones below, but the strongest one is $21.800-$24.500. This is the level where we’re looking for new entry points. This scenario will be denied if BTC will update the current ATH around 42K.
A little hint: Some of the metrics show us that we have right now the same parameters that we had in 2017 ($19,200), but the market right now bigger than in 2017. If you know technical analysis, you understand what will happen in the nearest future.
Trade closed: target reached
BTC updated ATH 42K. So we will be now!I will post our main position
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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.