BTC Retacment and Then Go to 72k 🔥🔥
Updated
Well, as I promised in the Bitex channel, we want to take a closer look at bitcoin retracements in time and price:
the first cycle: It took 18 days, 23% of the first wave was corrected and we spent more time in the correction until the uptrend started.
Cycle 2: It took 18 days with 38% price correction within the Falling wedge pattern and the opportunity we took advantage of and picked up the alt coins holding basket for the bull run after that.
Third cycle: In 21 feb, a new correction cycle started and so far it has corrected 38% of the wave, and in my opinion, in the worst case scenario, we will have a price correction of up to 41k or 38k, and in terms of time, we will end up in 18 to 21 days. And then began a new uptrend and the next bitcoin bull run to $ 72,000
I am preparing a portfolio of altcoins holding for the next 3 to 6 months, and I am preparing our orders for correction up to 38k and 40k and then I will wait until the next alt season starts
Also, a quick look at the 3Days Bitcoin chart shows that these corrections are natural and there is no need to worry and panic :
Remember how we predicted the previous alt season;)
What do you think about the next bitcoin trend?
the first cycle: It took 18 days, 23% of the first wave was corrected and we spent more time in the correction until the uptrend started.
Cycle 2: It took 18 days with 38% price correction within the Falling wedge pattern and the opportunity we took advantage of and picked up the alt coins holding basket for the bull run after that.
Third cycle: In 21 feb, a new correction cycle started and so far it has corrected 38% of the wave, and in my opinion, in the worst case scenario, we will have a price correction of up to 41k or 38k, and in terms of time, we will end up in 18 to 21 days. And then began a new uptrend and the next bitcoin bull run to $ 72,000
I am preparing a portfolio of altcoins holding for the next 3 to 6 months, and I am preparing our orders for correction up to 38k and 40k and then I will wait until the next alt season starts
Also, a quick look at the 3Days Bitcoin chart shows that these corrections are natural and there is no need to worry and panic :
Remember how we predicted the previous alt season;)
What do you think about the next bitcoin trend?
Note
#BTCBitcoin as I expected, touched the bottom of the wedge nicely and then moved on to the first two targets.
I'm still bullish and I am waiting for 63k and 72k
TP 1✅
TP 2✅✅
42 % Spot Profit ✅🔥🔥
Note
#BTCTP 1 ✅
TP 2 ✅✅
TP 3 ✅✅✅
50 % Spot Profit ✅🔥🔥
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.