Bitcoin price is consolidating just above my yesterday's long entry. This trade is so risky because in my opinion the high is gonna be very close to the current price. I pointed out earlier the wave 5 target at $29600, but maybe BINANCE:BTCUSDT will squeeze above 30k.
On the chart we can see the very nice trend channel. After the FOMC meeting price formed the deviation below it, but after that returned back inside. Now it's trying to break down the lower band again, but I suppose it's just to make scared a lot of traders. In my opinion price should form the same deviation above 30k. Just imagine how greedy could be people above 30k! Market maker can distribute a lot of Bitcoins at such high price before the last bearish dump below 15k.
Best regards, Ivan ______________________________________________ Subscribe now and never miss an update👍
yes, BTCUSDT is ready, I want to see a new bullish impulse
LegionQ8
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great work my friend! I like to trade bitcoin
CryptoCena
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i also think there will be a big dump but i dont think we will have new low (below 15k) based on what you made your prediction ? im so curious to know anyway thx for the info !
Skyrex
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@CryptoCena based on Elliott waves and trading chaos Anyway I trade short term This prediction is just to have approximate point where I can invest in crypto
CryptoCena
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@SkyrexTrading, thank you really i think i will keep cash on the side in case btc go down alot
availableCardi76618
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hi, so you think there will be dip bellow 15K? How deep do you think it will be?
Waiting guys!!