Having noticed a bullish reversal pattern on the daily chart... were a high, higher high and higher low was formed (follow the small boxes on the chart). All thanks to Elon's tweets about bitcoin and some irrelevant news that came out of china which spiralled into FUD amongst many traders/investors (Fear, Uncertainty and Doubt).
Price tanked to $30,000 a major demand/buy zone (the red rectangular zone).
Currently, price is around $36,600 and it is trying to retest the $30,000 support range.
Buy opportunity for swing trades;
Entry (E) - $30,000 - $27,500 range
Stoploss (SL) - $24,500 - $25,000 range
Take Profit (TP) - $50,000 - $52,500 range
I strongly believe btc bullish run is coming to an end (well, if not ended).. and it is about time we go bearish in the market.
Price tanked to $30,000 a major demand/buy zone (the red rectangular zone).
Currently, price is around $36,600 and it is trying to retest the $30,000 support range.
Buy opportunity for swing trades;
Entry (E) - $30,000 - $27,500 range
Stoploss (SL) - $24,500 - $25,000 range
Take Profit (TP) - $50,000 - $52,500 range
I strongly believe btc bullish run is coming to an end (well, if not ended).. and it is about time we go bearish in the market.