Bitcoin on the way to $11k? Who is going to be rekt next?
Updated
Hello everyone,
In this update AlphaTradeZone will shre two options of what can happen next, and in which conditions it will happen, so you don't need to guess what to do.
1. XBT stay flat at current strong 1D support level.
In that case we will have long accumulation and Bart pattern up to 11k.
We expect price to squeeze down for longs and back with increased volume, forming reversal pattern.
2. XBT slowly grinding down below 9.4k Daily support and trading below it.
It will mean that move down will continue and targets are:
$8700
$8200
$7200
-----
For now Bitcoin at very crucial level, but the main trend is DOWN!
Will drop happen from 11k or from current price?
Your ideas in comments are welcome.
In this update AlphaTradeZone will shre two options of what can happen next, and in which conditions it will happen, so you don't need to guess what to do.
1. XBT stay flat at current strong 1D support level.
In that case we will have long accumulation and Bart pattern up to 11k.
We expect price to squeeze down for longs and back with increased volume, forming reversal pattern.
2. XBT slowly grinding down below 9.4k Daily support and trading below it.
It will mean that move down will continue and targets are:
$8700
$8200
$7200
-----
For now Bitcoin at very crucial level, but the main trend is DOWN!
Will drop happen from 11k or from current price?
Your ideas in comments are welcome.
Note
Flat scenario in play. Next idea with drop not valyd anymore. We shoud see 3-5% move in the next 2 days. (5-7% with big volatility).
Long now is priority.
Note
Stop at breakeven
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-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
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