BTC 2 possible movements
Updated
hello everyone
i see 2 possible movements,
if btc holds up right now at this level and goes up, it can go to 64k, but im afraid with out big corrections going to 64k will make us have another flash crash like the last time it went to 52k. reason many will take profits. and it should fall to trend line at 47-48k, if that breaks it could fall lower
if btc slowly corrects to trend line now, to 48k and goes up, it should be healthy rise and 64k could be broken with out flash crashes but with medium correction.
and of course other movements could happen but if it goes higher then 64k with out pullbacks, it is very unhealthy and will have to crash and shake out people in order to create new demand and that could be at 30-35k level
me personally didnt expect it to fall now. i thought its gonna break 58k and then drop from 58.5k. so i closed my short that it took at 57600 :S. and now it decided to go down
not financial advice,
good luck and safe trading
i see 2 possible movements,
if btc holds up right now at this level and goes up, it can go to 64k, but im afraid with out big corrections going to 64k will make us have another flash crash like the last time it went to 52k. reason many will take profits. and it should fall to trend line at 47-48k, if that breaks it could fall lower
if btc slowly corrects to trend line now, to 48k and goes up, it should be healthy rise and 64k could be broken with out flash crashes but with medium correction.
and of course other movements could happen but if it goes higher then 64k with out pullbacks, it is very unhealthy and will have to crash and shake out people in order to create new demand and that could be at 30-35k level
me personally didnt expect it to fall now. i thought its gonna break 58k and then drop from 58.5k. so i closed my short that it took at 57600 :S. and now it decided to go down
not financial advice,
good luck and safe trading
Note
the rise up could happen from around 53k-52k area, if that doesnt hold we can go to trend line at 47k
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.