BTC has been bullish for some time now despite the corrections along the line. BTC is currently sitting around 
46K, however, looking at my analysis, I see "M" formation. The present market price is also sitting around 61.8 fib
There is the possibility of BTC breaking below the bullish trend line connecting around 19th October 2020 to 20th July 2021 and then to 4th December 2021.
I am bearish on BTC and I will patiently wait for the complete formation of the "M" shape. therefore looking at the possibility of some buy market orders around $30K.
46K, however, looking at my analysis, I see "M" formation. The present market price is also sitting around 61.8 fibThere is the possibility of BTC breaking below the bullish trend line connecting around 19th October 2020 to 20th July 2021 and then to 4th December 2021.
I am bearish on BTC and I will patiently wait for the complete formation of the "M" shape. therefore looking at the possibility of some buy market orders around $30K.
Note
Oh..... where is BTC going to?Note
Now that we have hit my $40K support level which is also around the 78.6 FIB level.Is there enough fear and fundamentals that can ride this giant to the $30K level? or the market is ready to start pushing up?
Note
Imminent 32K to 30K
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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.