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Moshin_GW
Feb 22, 2021 1:53 PM

$BTC/USD adjustment started? 

Bitcoin / U.S. dollarBitstamp

Description

BTC is currently around $53,500
The situation has been adjusted once.

Just below the $52,500 horizon, the midline of the short-term parallel channel, there is a medium-term parallel channel upper limit line, It will be interesting to see if it can stop decreasing.

If buying gathers with this adjustment, it will gain momentum and you can expect to try $60,000, but if it breaks, you should also consider a plunge of up to $48,000.

If there is a dead cross in MACD, the above scenario is more likely to become a reality.

The only salvation is that DXY is likely to go in the weak direction. Check the US stock market and exchange trends starting today, you need to look at the correlation.

Be careful of sudden fluctuations in the market price.
Comments
Dave-FX-Hunter
Always following your analysis
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