Greetings
Since the whole cryptocurrency world is linked to the price of bitcoin. it's not unreasonable now to look at what the price could be in the near future.
In bitcoin's last bullish run from 20k, the price did almost +200%. Now on the daily chart, bitcoin certainly remains in an uptrend. This correction was 23% of the ATH, and Fibonacci tool is only 0.236, which is not enough for me personally and I can suggest that a deeper correction to 40.34,28 may be possible for the bitcoin to continue its normal price growth.
On the 4h chart, everything is different and the uptrend is broken down and now there is some consolidation under this trendline. The downtrend on the 1H chart has been broken but no impulse rise has occurred.
As the result the message of this idea is that to be morally and mainly by the risk management is to be ready for a deeper correction. What most market players do not like to do and the number of liquidations on February 22-23 confirms it, do not be among them.
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe, so as not to miss anything.
Since the whole cryptocurrency world is linked to the price of bitcoin. it's not unreasonable now to look at what the price could be in the near future.
In bitcoin's last bullish run from 20k, the price did almost +200%. Now on the daily chart, bitcoin certainly remains in an uptrend. This correction was 23% of the ATH, and Fibonacci tool is only 0.236, which is not enough for me personally and I can suggest that a deeper correction to 40.34,28 may be possible for the bitcoin to continue its normal price growth.
On the 4h chart, everything is different and the uptrend is broken down and now there is some consolidation under this trendline. The downtrend on the 1H chart has been broken but no impulse rise has occurred.
As the result the message of this idea is that to be morally and mainly by the risk management is to be ready for a deeper correction. What most market players do not like to do and the number of liquidations on February 22-23 confirms it, do not be among them.
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe, so as not to miss anything.
