💎BTC : After 14 Weeks, Today We Closed Strong Bearish 🔴🔴🔴🔴
Updated
Hello Dear Traders,
Today we saw strong bearish closing on weekly candle, After 14 weeks of Historic bull run. we can now confidently say tht 42k is bearish territory and its not easy to cross with healthy correction of 30-40%.
Weekly Candle Chart:
On daily timeframe i have marked solid demand zone, i m expecting bulls will enter from this zone. on lower time frame also btc is facing heavy selling pressure.
this is indicating btc needs heavy correction to get fresh demand and new participants in market.
this correction is very good for alts, as i previously mentioned alts on btc pairs are gaining strong momentum.
BTC dominance is rapidly decreasing and giving greater leverage to alts. i think now its time to focus on ALTS.
My next posts will be on alts , which are strong bullish on weekly , i recommend u guys to hold strong and don't panic sell on lower time frame corrections caused by btc dump. dont enter and exit with 10-20% profit, wait for targets. it will take some time to achieve.
Patience is KEY
Today we saw strong bearish closing on weekly candle, After 14 weeks of Historic bull run. we can now confidently say tht 42k is bearish territory and its not easy to cross with healthy correction of 30-40%.
Weekly Candle Chart:
On daily timeframe i have marked solid demand zone, i m expecting bulls will enter from this zone. on lower time frame also btc is facing heavy selling pressure.
this is indicating btc needs heavy correction to get fresh demand and new participants in market.
this correction is very good for alts, as i previously mentioned alts on btc pairs are gaining strong momentum.
BTC dominance is rapidly decreasing and giving greater leverage to alts. i think now its time to focus on ALTS.
My next posts will be on alts , which are strong bullish on weekly , i recommend u guys to hold strong and don't panic sell on lower time frame corrections caused by btc dump. dont enter and exit with 10-20% profit, wait for targets. it will take some time to achieve.
Patience is KEY
Trade closed: target reached
SOLID DEMAND ZONE TESTED
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