BTC will test wick again. 42k-40k!!!
Hello Guys,
So again, one more predicted correction in crypto market. i am sure many weak hands are getting liquidate in such kind of dump. this is the opportunity to buy the dip for many investors who might have previously felt like they missed the boat. but, you may go for more deep. Please hit the like button before we start. Thanks in advance.
So here i want you all to take a look on previous weekly candles. specially from May 2021. (Look at no 1) we remember this blood bath. (i was liquidated in futures trading :p)
around $30000 was the price where weekly candle wick was formed. after that we have seen downwards trend and level of 30k was tasted again before starting the rally in July.
Consider Situation no 1 in MACD indicator. Signal line and MACD line crosses each other and it took long time to accelerate pump in Bitcoin.
Look at no 3, recently what we have experienced is major dump to level of $42000 and quick reversal to 47k-
49K level. and also at the same time we see MACD line and Signal crossing each other after Aug 2021 where we see good rally to new All Time High. but now, this signal indicating downwards trend for sometime before we start rally to All Time High.
Mentioned No 2 is again a reference of testing wick in possible ways.
Kindly be patience and make your hand strong. Please use stop loss all the time.
Buy Levels:
$ 42000 = 40% of my total investment.
$ 40000 = 30% of my total investment.
$ 38000 = 30% of my total investment.
So again, one more predicted correction in crypto market. i am sure many weak hands are getting liquidate in such kind of dump. this is the opportunity to buy the dip for many investors who might have previously felt like they missed the boat. but, you may go for more deep. Please hit the like button before we start. Thanks in advance.
So here i want you all to take a look on previous weekly candles. specially from May 2021. (Look at no 1) we remember this blood bath. (i was liquidated in futures trading :p)
around $30000 was the price where weekly candle wick was formed. after that we have seen downwards trend and level of 30k was tasted again before starting the rally in July.
Consider Situation no 1 in MACD indicator. Signal line and MACD line crosses each other and it took long time to accelerate pump in Bitcoin.
Look at no 3, recently what we have experienced is major dump to level of $42000 and quick reversal to 47k-
49K level. and also at the same time we see MACD line and Signal crossing each other after Aug 2021 where we see good rally to new All Time High. but now, this signal indicating downwards trend for sometime before we start rally to All Time High.Mentioned No 2 is again a reference of testing wick in possible ways.
Kindly be patience and make your hand strong. Please use stop loss all the time.
Buy Levels:
$ 42000 = 40% of my total investment.
$ 40000 = 30% of my total investment.
$ 38000 = 30% of my total investment.
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