Hello my friends
Lets take things one by one...
We are in bull market?
Yes we are...
Until which level we are continuing to be in bull market?
Until we keep the main uptrend from 28700, we are remaining bullish.
A level of 47000 is a must keep level, so to be able to keep this bull cycle alive.
Now...I think we are in one area where we MUST see correction. MUST because
from 28700 to 69000 without a sugnificant correction, in my opinion is not healthy market.
So i will be glad to see a correction down to 47000 - 52000 and to see this level to hold.
If we can see this correction and from this area we can reverse, then i think we can see 100k for bitcoin in the upcoming 3 - 4 months.
The chart at the moment it indicates big correction...If we lose the area of 60k, then the correction is confirmed.
Your comments are appreciated.
Have a nice day and good luck with your choices.
Lets take things one by one...
We are in bull market?
Yes we are...
Until which level we are continuing to be in bull market?
Until we keep the main uptrend from 28700, we are remaining bullish.
A level of 47000 is a must keep level, so to be able to keep this bull cycle alive.
Now...I think we are in one area where we MUST see correction. MUST because
from 28700 to 69000 without a sugnificant correction, in my opinion is not healthy market.
So i will be glad to see a correction down to 47000 - 52000 and to see this level to hold.
If we can see this correction and from this area we can reverse, then i think we can see 100k for bitcoin in the upcoming 3 - 4 months.
The chart at the moment it indicates big correction...If we lose the area of 60k, then the correction is confirmed.
Your comments are appreciated.
Have a nice day and good luck with your choices.
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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.
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.