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Mihai_Iacob
Apr 28, 2021 5:58 AM

Bitcoin- Correction underway? (short term outlook) Short

Bitcoin / U.S. dollarBitstamp

Description

After finding strong bids at 47k zone, Bitcoin reversed strongly and gained more than 15% in a few days.
Now the cryptocurrency can correct some of this strong leg up and drop to 51k could follow.
Short term speculators can search for opportunities to sell above 55k and a drop to up mentioned support can have at least 1:3 R:R
Comments
CobraVanguard
Nice chart and I agree.
Mihai_Iacob
@T_V_TreeTrader, thanks for comm
tredishion
I am thinking the same thing, wish you best of luck :D

Mihai_Iacob
@tredishion, thanks for sharing
MMBTtrader
perfect job had this idea and try to warn yesterday

thanks for sharing bro
Mihai_Iacob
@MMBTtrader, yes, bulls are not out of the woods and a drop under 50k again would put heavy preasure on btc
nima-mohammadkhani
Totally agree great call man ✔✔✔✔
Mihai_Iacob
Zaks_ForexRules
Very nice from your side my friend :)
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