Over the weekend I've argued that a relief rally can follow the strong sell-off in Bitcoin (and crypto market).
Indeed, after reaching a low at 34k, Bitcoin has started to correct and raised slightly above 36k.
However, bulls lack power, price action is choppy and the rise is not convincing.
There is no question at this moment that the medium-term trend is down and the best strategy is not to p... against the wind.
As I said in the title, I will try to sell rallies and my points of interest are 36k (yesterday's high) and 38k.
Only, AND ONLY, Bitcoin above 42k would put a stop to this bearish scenario.
Best of luck!
Mihai Iacob
Indeed, after reaching a low at 34k, Bitcoin has started to correct and raised slightly above 36k.
However, bulls lack power, price action is choppy and the rise is not convincing.
There is no question at this moment that the medium-term trend is down and the best strategy is not to p... against the wind.
As I said in the title, I will try to sell rallies and my points of interest are 36k (yesterday's high) and 38k.
Only, AND ONLY, Bitcoin above 42k would put a stop to this bearish scenario.
Best of luck!
Mihai Iacob
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。