💎BTC: -21% Healthy Correction, Its Done or More Dump is Ahead?
Hello Dear Traders,
Finally we seen most awaited correction on btc, as we know BTC and alts were going parabolic without proper patterns and price actions.
With this massive dump, ALTS also seen major 20-30% dump and most importantly alts recovered quickly with btc recovery.
Important question is dump is over or more decline in price is ahead?? - in above chart u can see tht btc tested 50k area and quickly started recovery. it denotes 50k is acting major psychological demand area, institutions and whales filled there bags of btc when it tested 50k.
in few hours we will have weekly candle closing, once weekly candle is closed we will see more volatility. if weekly candle closes near 50k then possibility of more dump below 50k increases. i think one more retest near 52k is possible in next 12hrs.
i will recommend to buy BTC in multiple parts , don't go all in. Once i see bullish price action in chart i will immediately update the chart.
Finally we seen most awaited correction on btc, as we know BTC and alts were going parabolic without proper patterns and price actions.
With this massive dump, ALTS also seen major 20-30% dump and most importantly alts recovered quickly with btc recovery.
Important question is dump is over or more decline in price is ahead?? - in above chart u can see tht btc tested 50k area and quickly started recovery. it denotes 50k is acting major psychological demand area, institutions and whales filled there bags of btc when it tested 50k.
in few hours we will have weekly candle closing, once weekly candle is closed we will see more volatility. if weekly candle closes near 50k then possibility of more dump below 50k increases. i think one more retest near 52k is possible in next 12hrs.
i will recommend to buy BTC in multiple parts , don't go all in. Once i see bullish price action in chart i will immediately update the chart.
