Bitcoin Long-Term Analysis
After some heavy corrections due to playing out some divergences and negative momentum, now Bitcoin tested the 12H and 2D Golden Crosses. So far so good.
But the Change of behavior is when a 12H candle closes below MA200 and/or a 2D candle close below MA200. that is when I say this is not a healthy correction and probably BTC will test mid $6000s.
Also, the 61.8 is at $8200. so that would confirm that level as a change of behavior.
But as long as that wouldn't happen, Bitcoin is not in danger. I am long from $8200 (now it's risk-free) and my Stop would be the condition above that I said. (but not in weekends)
But the Change of behavior is when a 12H candle closes below MA200 and/or a 2D candle close below MA200. that is when I say this is not a healthy correction and probably BTC will test mid $6000s.
Also, the 61.8 is at $8200. so that would confirm that level as a change of behavior.
But as long as that wouldn't happen, Bitcoin is not in danger. I am long from $8200 (now it's risk-free) and my Stop would be the condition above that I said. (but not in weekends)
Without Risk and Position Management, You WILL Lose Money.
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