BitcoinShort
BTC Correction Upside then Drop
Hint: **Look only for sell setups**
Recommendation:
Bitcoin experienced parabolic growth since last year and the correction downwards looms inevitably. The fall last Tuesday is just the beginning. Expect BTC to move up to the 50% or 61% fibonacci levels then plummet further. Price can reach as low as 22k within the quarter BUT will definitely return to 60k within the year
Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Recommendation:
Bitcoin experienced parabolic growth since last year and the correction downwards looms inevitably. The fall last Tuesday is just the beginning. Expect BTC to move up to the 50% or 61% fibonacci levels then plummet further. Price can reach as low as 22k within the quarter BUT will definitely return to 60k within the year
Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.
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.