💎BTC : May Test 32k If....
Hello Dear Traders,
In Todays weekly candle analysis post
i mentioned btc is turning bearish and preparing for major healthy correction. after 14 weeks of bullish rally , finally we seen a bearish candle on weekly timeframe.
today we can see its impact on lower timeframe, btc started rallying from old demand zone and again we seen strong rejection from supply zone. this is indicating btc is preparing for breakdown from this old demand zone. if btc dumps below 34k then we will surely test 32k area. bears are shorting every rise on btc.
right now btc is trading in the supply and demand zones range. soon we will see breakout or breakdown from this tight range.
if btc breaks down then alts will also dump, bt it will recover very very fast. next posts are coming on alts which are extremely bullish on weekly time frame.
just buy when alts dump due to btc correction.
In Todays weekly candle analysis post
i mentioned btc is turning bearish and preparing for major healthy correction. after 14 weeks of bullish rally , finally we seen a bearish candle on weekly timeframe.
today we can see its impact on lower timeframe, btc started rallying from old demand zone and again we seen strong rejection from supply zone. this is indicating btc is preparing for breakdown from this old demand zone. if btc dumps below 34k then we will surely test 32k area. bears are shorting every rise on btc.
right now btc is trading in the supply and demand zones range. soon we will see breakout or breakdown from this tight range.
if btc breaks down then alts will also dump, bt it will recover very very fast. next posts are coming on alts which are extremely bullish on weekly time frame.
just buy when alts dump due to btc correction.
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.