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Shantya
Jun 16, 2021 12:35 AM

BTCUSD Long

Bitcoin / U.S. dollarBitstamp

Description

Due to the weak input volume, we will most likely go down to the bottom of the channel, which is the ceiling of the previous trend line, which is $ 37,500, and then look for higher targets, which are $ 42,000, $ 47,000, Fibonacci, respectively, and if we cross the ceiling. ,. Which is 51 thousand dollars and after that Is the main downward trendwe are going to correct 24 thousand or 19 thousand and ... which I will update later. Be profitable

Comment

Note that in this analysis there is a possibility of breaking the canal floor, but the rest remains the same and the scenario based on money back to the canal floor will continue.
Comments
HelloWorld736
Why would there be another massive drop after the price went up to 50k level? Wouldnn't it just sustain there?
Shantya
@HelloWorld736, Because the sellers at the top are waiting to exit the market to buy more bitcoins at the bottom and empty
excitedRice78604
Do you really think we’ll still fall down that low? I’m not trying to be a dick just curious lol
Shantya
@excitedRice78604, Due to the lack of a market in the hands of the whales and the existence of sellers, yes. But I hope this does not happen my friend
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