BTC may have very short term correction

Bitcoin / TetherUSBinance

Description

⋅ Feb 7, 2022 9:51 AM

Hi everyone

BTC price on MACD has made a bearish divergence. though we are looking on 15MIN chart

so a drop below 42200 can push the price downward to 40K.

if not price will hit 44K before any short term correction.

so if the short term trend line and 42200 support level broke we can expect at least 40500 hit.

Enjoy the market

Comment

⋅ Feb 8, 2022 10:11 AM

the correction from 45600 can push the price around 42200. below 42K is possible too but we have strong support at this level

Comment

⋅ Feb 11, 2022 6:10 AM

possible targets for short term.

Trend Analysis Technical Indicators

Comments

Mihai_Iacob

⋅ Feb 7, 2022 10:33 AM

Yes, dips should be bought on btc

bestfarbit74

⋅ Feb 7, 2022 10:43 AM

@OptimoomFX, thanks for support

thedude31

⋅ Feb 8, 2022 1:44 PM

Bitcoin shot right through 42K so the support can’t be too good

bestfarbit74

⋅ Feb 8, 2022 3:26 PM

@thedude31, I didn't say short. do you see any "short position" tag On my publish?!. I mentioned either BTC make short term correction from 42200 or from 44K.
now BTC dropped from 45500 so a correction target would be around 42K to 40K but bulls take the upper hand. it is high risk for taking short position