BTC: 22k or 46k First????
Hello Dear Traders,
In last Idea i discussed how 40k Area is acting as solid resistance area and predicted BTC will test 34k area when last price was 39300$. as expected btc tested 34k in 2 days. Now BTC is moving towards again 30k area, if this time btc doesn't get strong demand at 30k then soon we will see btc testing 22k.
This will be disastrous situation for entire crypto market if btc dumps near 22k. in 2 days there is monthly closing of BTC and its going to be extremely bearish. After Monthly closing we will see insane volatility in btc.
In any condition btc must get strong demand frm 30k and make double bottom otherwise 22k is for sure....
Don't Take heavy positions in BTC or ALTS for Next 2 Days.
In last Idea i discussed how 40k Area is acting as solid resistance area and predicted BTC will test 34k area when last price was 39300$. as expected btc tested 34k in 2 days. Now BTC is moving towards again 30k area, if this time btc doesn't get strong demand at 30k then soon we will see btc testing 22k.
This will be disastrous situation for entire crypto market if btc dumps near 22k. in 2 days there is monthly closing of BTC and its going to be extremely bearish. After Monthly closing we will see insane volatility in btc.
In any condition btc must get strong demand frm 30k and make double bottom otherwise 22k is for sure....
Don't Take heavy positions in BTC or ALTS for Next 2 Days.
Related publications
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.