POTENTIAL PULLBACK PATTERN FOR BTCUSD
Updated
PLAN
- After the JP Morgan News about BTC, the price started pumping because that is the biggest bank in USA.
- If the price closes below the $31300 or FIB RETRACEMENT 0.786.
- The price might have pullback to any of the three target.
INFO
- Trade shorts cautiously, with the support of the hourly EMA.
- The link to the CNBC news of JP MORGAN: cnbc.com/2020/12/09/jpmorgan-gold-will-suffer-as-institutional-investors-flock-to-bitcoin.html
- Yup, during recession period people would search for a safe haven to store their money. BITCOIN IS THE DIGITAL GOLD AND THE FUTURE CURRENCY ...
SIGNING OFF,
THE CRYPTONIZER
- After the JP Morgan News about BTC, the price started pumping because that is the biggest bank in USA.
- If the price closes below the $31300 or FIB RETRACEMENT 0.786.
- The price might have pullback to any of the three target.
INFO
- Trade shorts cautiously, with the support of the hourly EMA.
- The link to the CNBC news of JP MORGAN: cnbc.com/2020/12/09/jpmorgan-gold-will-suffer-as-institutional-investors-flock-to-bitcoin.html
- Yup, during recession period people would search for a safe haven to store their money. BITCOIN IS THE DIGITAL GOLD AND THE FUTURE CURRENCY ...
SIGNING OFF,
THE CRYPTONIZER
Order cancelled
BULLS are still strong ... Targets would be the next 
42K and 46K. This is based on "FIB RETRACEMENT" and the sentiment of the market.
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