Bitcoin retest of 4200 $ and sharp drop to 3200 $
As described, Bitcoin will retest upper trend line at approx 4200 $ and get strong rejection (volume is dropping on weekly timeframe, Stochastic RSI about to roll over), causing it to fall to major support line at 3200 $ in weeks to come. After double bottom i think we will enter in reversal (bulls will take over).
Trade with caution and stay safe, do not fall into faked bull trap run, we are plankton for big whales who are on the hunt right now.
This is NOT a trading advice, but it should be :)
Trade with caution and stay safe, do not fall into faked bull trap run, we are plankton for big whales who are on the hunt right now.
This is NOT a trading advice, but it should be :)
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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.