BCTUSD TA Time, day 11-01-2021!
Good day fellow traders!
If your way of Technical Analysis is strong...
Then the path will show its way...
(*Asian sound effects*)
Well, this is how the cookie crumbles, nothing goes up forever...
Short-Term:
Obviously bearish. Apparently lots of strong bears at this region. Symmetrical Triangle broke down.
Mid-Term:
Bullish trend. However, short-term patterns merged into a rising broadening wedge. Which has a high probability of breaking downwards. This might be a sign of the mid term correction and the beginning of the long-term correction. Waiting for retest support and confirmation of break outs. We want to see significant candles closing below the support to confirm a bearish break out.
Long-Term:
Still bullish, precise target unknown. Current estimated target 2021: 250K $
Currently waiting for a long-term correction.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
If your way of Technical Analysis is strong...
Then the path will show its way...
(*Asian sound effects*)
Well, this is how the cookie crumbles, nothing goes up forever...
Short-Term:
Obviously bearish. Apparently lots of strong bears at this region. Symmetrical Triangle broke down.
Mid-Term:
Bullish trend. However, short-term patterns merged into a rising broadening wedge. Which has a high probability of breaking downwards. This might be a sign of the mid term correction and the beginning of the long-term correction. Waiting for retest support and confirmation of break outs. We want to see significant candles closing below the support to confirm a bearish break out.
Long-Term:
Still bullish, precise target unknown. Current estimated target 2021: 250K $
Currently waiting for a long-term correction.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
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