Bitcoin the biggest correction of the year
Hi people how are you?
this is my first time publishing an idea, ive been trading bitcoin since 2013
but after analyzing the market i saw that theres a huge correction incoming for the next weeks
Short range 10200 ~ 11000
Target1 : 8500
Target2 : 8200
Target3 : 7800
After the end of the correction the price will struggle for a moment than rebound heavily to the 11k usd levels, expecting more upsides
Obviously we have been in an uptrend for 6 months starting from april so its common sense to have a healthy correction.
It has been rebounding the 9100 9300 usd line as a huge support but historically in the daily chart we touched it for three times, so if it drops below 9300 usd line you can expect a huge drop in the price :D
The next trade would be to wait for a moment than rebuy in the 7900 ~ 8500 usd range.
This is not a financial advise :D
happy trading for everyone
this is my first time publishing an idea, ive been trading bitcoin since 2013
but after analyzing the market i saw that theres a huge correction incoming for the next weeks
Short range 10200 ~ 11000
Target1 : 8500
Target2 : 8200
Target3 : 7800
After the end of the correction the price will struggle for a moment than rebound heavily to the 11k usd levels, expecting more upsides
Obviously we have been in an uptrend for 6 months starting from april so its common sense to have a healthy correction.
It has been rebounding the 9100 9300 usd line as a huge support but historically in the daily chart we touched it for three times, so if it drops below 9300 usd line you can expect a huge drop in the price :D
The next trade would be to wait for a moment than rebuy in the 7900 ~ 8500 usd range.
This is not a financial advise :D
happy trading for everyone
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