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BTCUSD D1: JUST BUY/HOLD: AN OVERVIEW OF RECENT CORRECTIONS
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: speculative setup. use FIXED SL.
🔸 Summary and potential trade setup
::: BTCUSD one day/candle chart review/outlook
::: BULLS still maintain control
::: we are right now in the correction
::: MODE until mid-March
::: based on past corrections
::: in 2017/2020/2021
::: THIS IS NORMAL
::: to get a 30-40% correction
::: Expecting correction to complete
::: near 38 000 USD by mid-March 2021
::: recommended strategy: BUY/HOLD 38K USD
::: TP1 BULLS is 70 000 USD TP2 BULLS is 75 000 USD
::: previous corrections listed below
::: January 2021 - 30% correction
::: Aug/Sept 2020 - 20% correction
::: May 2020 - 20% correction
::: June 2017 - 40% correction
::: September 2017 - 35% correction
::: BUY/HOLD / do not expect miracle gains
::: expecting recovery after we hit 38 000 USD
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/75 000 USD
::: Sentiment outlook short-term: BEARS/38000 USD
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.