BTC Is sitting for a big big fall in the coming week, it weekly, 2 D, 3 D all with big negative outlook. While Institutions and millionaires holding BTC have held on nerves for the last week and as per human emotions profits on table are like sweets in front of you...each one will take it off.
Big fall will come when BTC stays below 44.8K level for more than 15 mins and yes...then you will see 38K and staying below 37K for more than 2 days will bring 25K within next 2 days.
Bullish movement is only above 55K USD. Till then my view does not change. This is not about looking at 5, 15, 30 minute or 4 hour charts and creating crazy emotions but looking for the medium term.
Social channels are full of informing Millionaires and Big US corps want to buy BTC...Yes they will buy...but remember they are very clever at which level they want to buy...They will first make it fall 30% and then buy.
Enjoy and trade as per SL and do not let your emotions run for buying or selling BTC.
Big fall will come when BTC stays below 44.8K level for more than 15 mins and yes...then you will see 38K and staying below 37K for more than 2 days will bring 25K within next 2 days.
Bullish movement is only above 55K USD. Till then my view does not change. This is not about looking at 5, 15, 30 minute or 4 hour charts and creating crazy emotions but looking for the medium term.
Social channels are full of informing Millionaires and Big US corps want to buy BTC...Yes they will buy...but remember they are very clever at which level they want to buy...They will first make it fall 30% and then buy.
Enjoy and trade as per SL and do not let your emotions run for buying or selling BTC.
Comment:
Despite all the marketing, BTC happily came from 53K to 43K, Odds still in favour of Bears. 2 Hours above 48K will change the trend in favour of Bulls. Till then Bears in command