EthanTW

BTC - Bear is coming or Bull is ready?

Alış
BYBIT:BTCUSD   None
BTCUSDT
1D trend chart
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BTC hasn't gotten bull momentum recently compared with ETH.
And instead, it showed a rapid pullback yesterday as ETH and alts.
While this crypto market faces severe correction, lots people get fear and smell it like bear.
But if we judge it with TA, can see that it fell until touched the uptrend line, also the 144/169emam, means a reasonable support here so far.
It's a good correction if the bull continuation is gonna keep moving.
Next, we need to observe if the price can rally back to 12ema in near future or not, it's a great buying timing after correction.
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Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382)--->Already Hit!
b) 67590----Fib(1.618)--->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.