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Mihai_Iacob
Jan 15, 2023 4:56 AM

Bitcoin- New leg up- probable, FOMO- not advisable Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom.
Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far.
Nevertheless, in short term, I'm strongly bullish and I expect a new leg up.
Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k.
However, from a speculator's point of view, a buy here is not making sense from a risk perspective
In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k
Comments
melikatrader94
Keep up the good work mate! Thanks for sharing!
Mihai_Iacob
@melikatrader94, Thanks for support
StockStreetPlatinum17
hi mihai! ihave problem for tadingview 2week date for tool. i call @jaydee_757 how to do tadingview 2 week tool see for bitcoin please.thank
Mihai_Iacob
@StockStreetPlatinum17, i don't understand what you mean
RLinda
Thanks for the post. Great analysis.
HAMED_AZ
Nice view
TradingShot
It is obvious that you have put in a lot of work on this idea. Here is our perspective:
ATradeSniper
nice
InvestingScope
Quality analysis and explanation of this scenario. Sharing is the essence of this platform, so here is our analysis as well:
shawntime_academy
Thank you for sharing!
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