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Mihai_Iacob
Oct 8, 2021 8:32 AM

Bitcoin- Correction over? Long

Bitcoin / U.S. dollarBitstamp

Description

As normal, after the strong run-up from 48 to 55k, Bitcoin corrected.
However, the correction was "light" and didn't even touched 43k support, reversed from above, indicating that bulls are very impatient and giving us a strong buy signal.
At this moment, BtcUsd is trading back above 55k and I believe we will have a new strong run to the upside.
The first target can be 59k, but, as I said, considering the buying power, more likely the ATH can be where Btc will end up soon
Comments
Vestige
I am disagreing with the bull concept as we just breakthrough 2k btc in less than one hour (54-56k). I think a slight correction is needed as they will not allow the long stand without some wiping :D
but i like your positive idea, if we are still rallying after this, that will be super epic
Mihai_Iacob
@Vestige, my friend, you will be amazed, but i m not so bullish crypto market, and this year had more short trades that long ones.
But...i can t piss against the wind
Didn t bought btc though now, bought other coins
Nameless1986
Clear head and shoulders on 1h chart. Bulls are weak, correction is coming.
FXKillA
UnitedSignals
Noted, thank you!
VasilyTrader
How do you define the target?
SignalProvider
I have the same view on BTCUSD
quality stuff
yonsfx
Keep up the good work
Mihai_Iacob
@yonsfx, thanks for comm
KlejdiCuni
Perfect
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