So the $51K didn’t hold long at all !
I decided to use the Daily Chart not the 3D chart for this. It shows when BTC crossed the moving average and turning red. From there, the market started going downhill till the $51K didn’t hold, and that’s when things got worse dragging ETH down after it was ready to stamp another ATH towards $2900.
So what’s next?
1) Correction is here, BTC won’t climb up for now to stamp new highs till the correction ends. We are talking about months here.
2) The next supports are $47K and $40k. I see $47k will be tested shortly, and BTC will bounce from there to retest it several times. BTC will remain in a Bull market as it remains above $40k. And I don’t see the bears taking BTC down past $40k.
But what do you think? Feel free to share your thoughts and charts below.
I decided to use the Daily Chart not the 3D chart for this. It shows when BTC crossed the moving average and turning red. From there, the market started going downhill till the $51K didn’t hold, and that’s when things got worse dragging ETH down after it was ready to stamp another ATH towards $2900.
So what’s next?
1) Correction is here, BTC won’t climb up for now to stamp new highs till the correction ends. We are talking about months here.
2) The next supports are $47K and $40k. I see $47k will be tested shortly, and BTC will bounce from there to retest it several times. BTC will remain in a Bull market as it remains above $40k. And I don’t see the bears taking BTC down past $40k.
But what do you think? Feel free to share your thoughts and charts below.
Trade closed: target reached
BTC.D is not increasing and BTC is at the bottom... While BTC may have room to drop, but as BTC.D is increasing, it'd be safe to ride BTC from here.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.