BTC Outlook
Congratulations to those of you who dare to take the risk to buy BTC when it is in its support (in the previous post I explained about it), for now I will secure a profit of approximately half first, because BTC is now at the upper level of its uptrend channel so it is likely that BTC will experience a correction again, up to the area of 63.7k-63.4k.
Which is a strong resistance that causes BTC to consolidate for quite a long time or it can also be said that BTC will retest against previous resistance that has now become its support. When BTC reaches that support area it will be an opportunity back for me to buy BTC again. For safety as usual cut loss is still required, I will cutloss if the bullish trend of BTC has broken or BTC can no longer make a new higher and instead make a lower high and lower low.
Which is a strong resistance that causes BTC to consolidate for quite a long time or it can also be said that BTC will retest against previous resistance that has now become its support. When BTC reaches that support area it will be an opportunity back for me to buy BTC again. For safety as usual cut loss is still required, I will cutloss if the bullish trend of BTC has broken or BTC can no longer make a new higher and instead make a lower high and lower low.
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.