Well well, Elon Musk is stranding Bitcoin, CZ said Binance is getting investigated, everyone are getting panic, all our investments are getting to nowhere.
Hey relax, chill my friends. Everything is on track this one of the biggest corrections of this cycle but still don't forget we are in the best bullish year of this cycle and this downtrend is just a correction.
I'm giving you my buy positions on BTC/USDT so you can make you own decisions more clearly. Let's check it out together:
I'm using step by step buying strategy because we can never fully predict when the correction is going to stop but we can find it out when we reach to the stop. So here we go..
I put my first step at $43,100, as you can see on the chart there is a big purple AB=CD pattern gave us a nice PRZ area that worked fine.
My next buying area will be at $38,300 a little bit above a very strong support area. But how I did call it strong? If you check the chart, you'll find three reasons. First, this area is a PRZ area from light blue AB=CD pattern. Second, This is the bottom line of a big correction channel. And Third and less likely area will be around $31,000. This area is the target of a big head and should pattern but it doesn't have all of it's standard situation so it may work not correctly or work as just a shadow or maybe a fail break-out of the channel. But I put this buy position but If the price tap this area I don't want to miss it.
What is your point of view about analysis on BTC/USDT, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Hey relax, chill my friends. Everything is on track this one of the biggest corrections of this cycle but still don't forget we are in the best bullish year of this cycle and this downtrend is just a correction.
I'm giving you my buy positions on BTC/USDT so you can make you own decisions more clearly. Let's check it out together:
I'm using step by step buying strategy because we can never fully predict when the correction is going to stop but we can find it out when we reach to the stop. So here we go..
I put my first step at $43,100, as you can see on the chart there is a big purple AB=CD pattern gave us a nice PRZ area that worked fine.
My next buying area will be at $38,300 a little bit above a very strong support area. But how I did call it strong? If you check the chart, you'll find three reasons. First, this area is a PRZ area from light blue AB=CD pattern. Second, This is the bottom line of a big correction channel. And Third and less likely area will be around $31,000. This area is the target of a big head and should pattern but it doesn't have all of it's standard situation so it may work not correctly or work as just a shadow or maybe a fail break-out of the channel. But I put this buy position but If the price tap this area I don't want to miss it.
What is your point of view about analysis on BTC/USDT, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Trade active:
All my buy positions mentioned on the chart are filled. Stay safe and sound.
Trade closed: target reached:
Our three buy positions are hit and trust me, these will be one of the cheapest price of Bitcoin. I believe we're close to end of correction. there is a possibility for BTC to hit around $27,500 - $31,000 again but I don't see any lower price in the market. So get on the train before it's too late..
