Bitcoin's Outlook Is Still Bullish, But For How Long?
As we all have seen, Bitcoin made a sharp turn downwards this morning. However, it didn't go down all the way, seems we got saved by the lower trend line of the channel.
If this trend line manages to hold this week, we might see Bitcoin continuing its rise towards $20,000 and beyond. Before entering a long position, wait for the trend to confirm. My suggestion would be to wait till we have a daily candle close above $17,500 (yellow line).
If the lower trend line were to be beaten this week, we can expect Bitcoin's value to drop even further towards $15,000 or even lower.
Trade carefully!
If this trend line manages to hold this week, we might see Bitcoin continuing its rise towards $20,000 and beyond. Before entering a long position, wait for the trend to confirm. My suggestion would be to wait till we have a daily candle close above $17,500 (yellow line).
If the lower trend line were to be beaten this week, we can expect Bitcoin's value to drop even further towards $15,000 or even lower.
Trade carefully!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.