FieryTrading

🔥 Bitcoin Healthy Correction: Bullish Price Action

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
After 2 weeks of straight gains, both Bitcoin and stocks are overdue for a correction. With todays price action, I think we're about to get just that.

Corrections during bullish moves are a good thing. They allow for overbought indicators to reset their values to become interesting again for both regular investors and trading algorithms.

As long as the BTC correction will not go below the support zone , I think that we will continue our bullish path. Consequently, bulls will be looking to go long on both BTC and alts inside that zone. Prepare for a potential big bounce in the coming days.

Happy trading1
Comment: Update:


💰Lower Your Trading Fees: https://taplink.cc/fierytrading

📈Try Premium Signals for free: https://t.me/FT_Futures_free

🔥Premium channel & 💎Contact: http://www.fierytrading.com

🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel
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.