BTCUSDT - Watch out for a pullback
Greetings.
As you might saw in my previous BTC analysis, I was expecting the price to start a bigger pullback sooner rather than later.
We have some good signs that the bulls started to lose their groove and the first sign was the movement that it did as you can see in the ending structure on the chart (green channel).
Right now we have a trendline breakout on 15 minutes and I am expecting the price to continue to drop until it reaches one of the two demand areas that I highlighted in my analysis. After this correction is over I am expecting the bulls to come back in play, but keep in mind that even if my analysis is in 15 minutes, I am expecting a 4H correction so the price could go way beyond my levels and hit 17k.
NFA
Stay safe and trade safe.
As you might saw in my previous BTC analysis, I was expecting the price to start a bigger pullback sooner rather than later.
We have some good signs that the bulls started to lose their groove and the first sign was the movement that it did as you can see in the ending structure on the chart (green channel).
Right now we have a trendline breakout on 15 minutes and I am expecting the price to continue to drop until it reaches one of the two demand areas that I highlighted in my analysis. After this correction is over I am expecting the bulls to come back in play, but keep in mind that even if my analysis is in 15 minutes, I am expecting a 4H correction so the price could go way beyond my levels and hit 17k.
NFA
Stay safe and trade safe.
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