BTCUSD in crucial situation
we've seen the huge crash recently and the bitcoin is now in crucial moment whether it'll recover from this (highly likely I believe) or drop even furthermore. 4
my idea is that if BTC can't bounce back and to break 50,000, it'll be most likely to fall up to its previous line around 42,000 mark. and if you trade, this could be a massive discount for 'buy' in long term. whether it'll recover from now on or drop further, I'm almost certain that it'll bounce back afterwards once it finished the correction and retest to get into the previous pattern resistance. so i'd recommend not to sell at this moment, bearish time hasn't approached yet.
comment below if you have any!
my idea is that if BTC can't bounce back and to break 50,000, it'll be most likely to fall up to its previous line around 42,000 mark. and if you trade, this could be a massive discount for 'buy' in long term. whether it'll recover from now on or drop further, I'm almost certain that it'll bounce back afterwards once it finished the correction and retest to get into the previous pattern resistance. so i'd recommend not to sell at this moment, bearish time hasn't approached yet.
comment below if you have any!
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