BTC/USD (20D MA Support?)
💎Technical Analysis Summary💎
BTC/USD
-Bitcoin just had a -23% retracement from its top around 58k dollars
-The price retested the 20D MA for the 3rd day and still holding
-If we want to see a strong uptrend momentum
-Bitcoin must not close below 20D MA in the coming 1-3 days
-Because if it does, we might see a potential test of the 50D MA below
-That would be around -30% retracement and Altcoins will have another correction
-Though the overall market is still in a Bullish cycle
-Expect a much longer consolidation around 40k level if this 2nd scenario will play out
-But I think it will be a good opportunity for the Altcoins to recover during a long period of sideways trading
-Please be prepared for both scenario and have a trading plan before you click the trigger button
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to seba26-77 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USD
-Bitcoin just had a -23% retracement from its top around 58k dollars
-The price retested the 20D MA for the 3rd day and still holding
-If we want to see a strong uptrend momentum
-Bitcoin must not close below 20D MA in the coming 1-3 days
-Because if it does, we might see a potential test of the 50D MA below
-That would be around -30% retracement and Altcoins will have another correction
-Though the overall market is still in a Bullish cycle
-Expect a much longer consolidation around 40k level if this 2nd scenario will play out
-But I think it will be a good opportunity for the Altcoins to recover during a long period of sideways trading
-Please be prepared for both scenario and have a trading plan before you click the trigger button
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to seba26-77 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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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.
Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
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.