Bitcoin- buy or sell?
After breaking above 11k resistance, BtcUsd had a fabulous run with the price increasing almost 90% in one month and reaching all-time high zone.
A quick fall followed and now the price is correcting this fall.
Although I m bullish on the long term, I think that a new leg of correction will fallow and this can drive the price to around 14k support.
At the time of writing Bitcoin is trading under 18k which is a good sell zone from the technical point of view and a sell trade here can have at least 1:2 R:R.
A quick fall followed and now the price is correcting this fall.
Although I m bullish on the long term, I think that a new leg of correction will fallow and this can drive the price to around 14k support.
At the time of writing Bitcoin is trading under 18k which is a good sell zone from the technical point of view and a sell trade here can have at least 1:2 R:R.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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.