As predicted Bitcoin continued a short-lived correction wicking down to about 43.8k before now shooting back up and in the 46k range as of this writing. Altcoins have recovered just as strongly - ADA is crossing $2, ETH is still well over $3k. We are seeing as predicted support from the Bull market support band - a critical zone for bulls to defend if Bitcoin will go on to 50k and then 100k later this year or early 2022.
I did not call for shorting as it seemed like it would be short-lived and many were liquidated last night. I trade for overall greater movements and do not function as a day-trader. I now expect Bitcoin to rise another 10% to 50.000. I expect it will hit it within the next week or so, and definitely before the end of August. Lots of analyses provide support levels that are too low. Almost always with trading set orders slightly higher than called support levels. Anyone submitting for 42k did not get their orders filled and now Bitcoin will have a strong green daily candle and with likely rise will be buying at much higher levels.
I did not call for shorting as it seemed like it would be short-lived and many were liquidated last night. I trade for overall greater movements and do not function as a day-trader. I now expect Bitcoin to rise another 10% to 50.000. I expect it will hit it within the next week or so, and definitely before the end of August. Lots of analyses provide support levels that are too low. Almost always with trading set orders slightly higher than called support levels. Anyone submitting for 42k did not get their orders filled and now Bitcoin will have a strong green daily candle and with likely rise will be buying at much higher levels.