Hey guys!
I've been following the BTC/USDT pattern over the last few days and managed to make some money on a short at 49k.
I'm sharing with you, my analysis of the recent downward trend.
If you take a look at the chart, you'll see how Bitcoin is operating on its own levels, disregarding the FIB regressions levels and often jumping one or two levels within 30 minutes.
It's safe to say BTC is very volatile at the moment.
My prediction is another ~$1700 price jump down through the next level.
I've been following the BTC/USDT pattern over the last few days and managed to make some money on a short at 49k.
I'm sharing with you, my analysis of the recent downward trend.
If you take a look at the chart, you'll see how Bitcoin is operating on its own levels, disregarding the FIB regressions levels and often jumping one or two levels within 30 minutes.
It's safe to say BTC is very volatile at the moment.
My prediction is another ~$1700 price jump down through the next level.