BTC has been down from 43K with strong correleration to US Stock. If I could predict somethings, It would be very short term ones.
On 1H TF, a rising wedge was broken and retested. IMO, the next target will be 38800. Then it can visit again 37800 (my Fib 0.786 level, see my longterm prediction for BTC on 02nd April).
On 1H TF, a rising wedge was broken and retested. IMO, the next target will be 38800. Then it can visit again 37800 (my Fib 0.786 level, see my longterm prediction for BTC on 02nd April).
Trade active:
BTC is slowly (and dangerously) going down as predicted. The first target (at $38800) was reached. The next one $37800 is incoming. I expect a bounce at this level but IMO, this bounce will not be enough to reverse the trend. Bears & bulls will fight a bit longer here.
Then if losing $37800, the next level is $35500 (very close to the BTC production cost around $34000s which is a very strong support). I'll do another analyse basing on what will come the next days.
Then if losing $37800, the next level is $35500 (very close to the BTC production cost around $34000s which is a very strong support). I'll do another analyse basing on what will come the next days.
Trade closed manually:
BTC has been recovered very fast thanks to good signs of stock market and to the news on Twitter deal of Elon Musk
