From a weekly perspective what we can see is market has been extremely overbought and is over extended after making this huge BULLISH impulse breaking above resistance.... after a impulse what you can expect to see is a correction to come down and test the previous weekly resistance which is now a strong support (demand zone) for bitcoin, if this zone holds (around 41k) im expecting this to be the bottom and then we will see a new higher high from a weekly perspective and market to complete this weekly BULLISH I.C.I strategy.
So to put it in simple terms we are short term bearish long term bullish from a technical and ofcourse a fundamental perspective ! Alot of people panicking with the recent falls so thought id make this update for you guys.
So to put it in simple terms we are short term bearish long term bullish from a technical and ofcourse a fundamental perspective ! Alot of people panicking with the recent falls so thought id make this update for you guys.
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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.