Hey guys so I've been posting Important BTC updates and Volatility warnings on my Twitter and this is why. BTC is in a pattern where it is coming down for a bounce and as of NOW, I THINK THE 55K AREA LOOKS LIKELY unless bulls somehow manage to hold up this 58K area but I PERSONALLY DOUBT THAT.
I'd like to note that OVERALL, ON A MACRO LEVEL, THINGS ARE STILL BULLISH. This pullback/retest/bounce (whatever you want to call it) IS VERY NORMAL...
BUYING THE BOTTOM OF THIS IS WHAT I (and MANY other people) WANT TO DO. It's hard, but this is what I'm looking at right now.
I'll leave a link to the last "IMPORTANT BTC UPDATE" down below so you can see This pullback is normal and was predicted.
Hope everyone is doing well. If I don't update for a bit it usually means the previous ideas are still valid and are playing out. I do update the "description" area of those IDEAS as they play out so be sure to check back from time to time.
****This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!***
I'd like to note that OVERALL, ON A MACRO LEVEL, THINGS ARE STILL BULLISH. This pullback/retest/bounce (whatever you want to call it) IS VERY NORMAL...
BUYING THE BOTTOM OF THIS IS WHAT I (and MANY other people) WANT TO DO. It's hard, but this is what I'm looking at right now.
I'll leave a link to the last "IMPORTANT BTC UPDATE" down below so you can see This pullback is normal and was predicted.
Hope everyone is doing well. If I don't update for a bit it usually means the previous ideas are still valid and are playing out. I do update the "description" area of those IDEAS as they play out so be sure to check back from time to time.
****This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!***
Comment:
BTC caught a bit of a bounce. It's at 0.618 Resistance now. We'll see if it can break through or if 1 more bounce is needed...
Comment:
Looks like 66.5K was the spot as of now. Bear trap looking likely!
Comment:
Looks like we caught that bounce , HOWEVER BTC is not out of the woods just yet. I would say after BTC crosses 63.5K - 64.5K we can start to anticipate the blast. There's a possibility of a diamond pattern forming which could result in another pullback from that area.
