Adel_Trader_Fx

BTC : Is a big fall coming or a sharp rise ?!

Short
Adel_Trader_Fx Updated   
FOREXCOM:BTCUSD   Bitcoin
Dear friends and companions, as I promised you, I will give you an interesting analysis for the channel members, I kept my promise, by checking the Bitcoin chart in the daily time frame and based on Elliott wave pattern analysis, you can see that the crypto market and the market index that is Bitcoin It has started an upward trend that has caused many traders to enter their capital into the market, here we can consider 2 scenarios for Bitcoin and wait for the behavior of the market, we are entering the sensitive area of ​​the market!!!!!

First scenario: My opinion about the first scenario is that Bitcoin will continue its upward trend and break the ceiling of $69,000 and go towards the higher goals of $75,000.

Second scenario: My opinion about the second scenario :
is that Bitcoin will rise in the range of $69,000. The dollar is over and now we are in the correction phase, which can continue and the ceiling of 48,000 to 52,000 is a very sensitive price range and maybe it is a turning point and Bitcoin will start its severe correction, which includes the entire crypto market and By examining the dominance of altcoins in the future, you can understand what might happen to them. Dear friends who invested in the crypto market, carefully monitor the market and take care of your capital.

I would be happy if you share your thoughts with me under this post.

Trade active
Trade active:
Hello, dear friends, what do you think ETF news will do to Bitcoin?
Share your comments with me below this post

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.