BTC – Weekly Perspective – 03/03 to 10/03
We can say that BTC reached the expected region at 65K, as shown in the previous analysis. I know that this final climb to 65K did not come with the excitement I expected, which would be prices making a correction to the 40K range to continue their climb.
For now, with the objective achieved, the question remains: Where will prices go?
Will we have a 50% correction (up to 40K/42K) of the rise that started at 15.4K in the distant month of November 2022? If the answer is yes, we may have the formation of C&H, a typical strength pattern for any type of asset. What a thing, right?
For the month of March, due to the force imposed by the bulls on the bears, it may be easier for prices to reach the final top region at 69K.
Due to the steeper climb, the "tip" I give is the following; Whoever bought, maintain your position; If you didn't buy it, don't buy it again, simply wait for a correction; but, if you are persistent, and want to buy at any cost, prepare a stop of at least 40% (Lol), as crypto has reached a region of strong struggle in the long term.
The C&H standard is incredible.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below
We can say that BTC reached the expected region at 65K, as shown in the previous analysis. I know that this final climb to 65K did not come with the excitement I expected, which would be prices making a correction to the 40K range to continue their climb.
For now, with the objective achieved, the question remains: Where will prices go?
Will we have a 50% correction (up to 40K/42K) of the rise that started at 15.4K in the distant month of November 2022? If the answer is yes, we may have the formation of C&H, a typical strength pattern for any type of asset. What a thing, right?
For the month of March, due to the force imposed by the bulls on the bears, it may be easier for prices to reach the final top region at 69K.
Due to the steeper climb, the "tip" I give is the following; Whoever bought, maintain your position; If you didn't buy it, don't buy it again, simply wait for a correction; but, if you are persistent, and want to buy at any cost, prepare a stop of at least 40% (Lol), as crypto has reached a region of strong struggle in the long term.
The C&H standard is incredible.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below
