Analysis:
BTC's ceiling seems to be retracing with perfect symmetry, which will likely bring BTC near $5k by mid-June and invoke a break through where the ceiling of the mid-term retracement and long-term support level converge around $5k to continue the long-term upward trend.
Personal:
If BTC continues it's dive down to $5k in the expected timeframe specified above, I'll take a heavy position in leveraged futures between $5k and $5.5k. The leverage multiple will depend on short-term trends once BTC breaks through $5.5k. I expect to post an update when/if this analysis plays out in BTC.
BTC's ceiling seems to be retracing with perfect symmetry, which will likely bring BTC near $5k by mid-June and invoke a break through where the ceiling of the mid-term retracement and long-term support level converge around $5k to continue the long-term upward trend.
Personal:
If BTC continues it's dive down to $5k in the expected timeframe specified above, I'll take a heavy position in leveraged futures between $5k and $5.5k. The leverage multiple will depend on short-term trends once BTC breaks through $5.5k. I expect to post an update when/if this analysis plays out in BTC.
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.
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.