ViniciusBaccelli

Time to be patient and wait for the macro reaction

BITSTAMP:BTCUSD   Bitcoin
I am expecting a corrective week that could give us opportunities for another bullish run on BTC, the correction will depend on the global market fear, S&P, China´s real state etc..

Today we could see BTC recovering from yesterday´s dump, but don´t get confident yet, could be just a small pull back for more downtrend.

BTC .D is retesting the channel that was broken yesterday, and coming back up could trigger more downtrend specially for ALTS.

BTC: is retesting 44k trying to come back to the triangle broken yesterday, fail to come back could led to more downtrend.

S&P: If the price action can´t come back to the channel from Covid we could have more downtrend for some days.


Stay alert guys, it is also a great opportunity to buy at eventual dips, but you have to be patient.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.