Dexter_The_Trader

BTC: A SMALL CORRECTION BEFORE THE BOUNCE

Long
BITSTAMP:BTCUSD   Bitcoin
Hello folks,
Welcome to this another important update on BTC price in 4 hours timeframe.

There's nothing to worry about. BTC is at correction as I analyzed in my previous chart. The 21 MA is acting as support for BTC and if at all BTC shows further correction then I expect a drop to $60800. A bounce will possibly rally the price to $65k and furthermore.

Altcoins on the other hand are still in good hands. But I would advise you to book profits if there are any and stay close to your SL.

Do hit the like button and share your views.
Every single likes and comment are highly appreciated and it motivates me to post more quality updates.

See you guys soon with a new update.

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.