My BTC projection in 1D timeframe. I expect some ups and downs at the BTC price in the slippery zone, but eventually it will move upwards.
In long term I am bullish in bitcoin although it is quite volatile these days.
The parallel channel may be broken as both support and ressistance zones are strong. This will pave the way to a sideway action between these zones.
A strong break on both sides will come with a strong reaction from the market where we will see some looong bars.
So if you will invest, I recommend to keep the majority of the cash you can spare outside the market to have some spare bullets in case things turn ugly for you.
As always, this is not an investment advice but my personnal guess.
Have great luck and press like if you would like to see more of my analysis.
In long term I am bullish in bitcoin although it is quite volatile these days.
The parallel channel may be broken as both support and ressistance zones are strong. This will pave the way to a sideway action between these zones.
A strong break on both sides will come with a strong reaction from the market where we will see some looong bars.
So if you will invest, I recommend to keep the majority of the cash you can spare outside the market to have some spare bullets in case things turn ugly for you.
As always, this is not an investment advice but my personnal guess.
Have great luck and press like if you would like to see more of my analysis.