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PoppyC
Jan 7, 2022 11:23 PM

BTC Whats Next? Long

Bitcoin / TetherUSBinance

Description

BTC move is now clearer than before forming a descending triangle and could imitate a similar move between May to Jul'21. The previous correction (May to Jul'21 timeframe) was at fib 0.786 if we start from previous low and if we start counting fib retracement level at previous low we see BTC could be corrected to the region of 40k, likely to break 1K to 2k below the 40k range due resulting from fear.

I am still sitting in cash to wait for better entry at the moment. Outlook is more positive than before as I believe the correction is almost come to an end.

Please show your support by giving a like and follow. If you have different opinion, appreciate for your constructive view.
I may do charting upon request

Trade active

Running according to plan, the waiting game is finally coming to play. I will only buy in more from now.
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