A BTC with butterfly wings.
Where's the BTC bottom?
Is the bull market over?
IMO not by a long shot. If anything this gives folks another opportunity to buy BTC (and Alts) at a discount.
In the grand scheme of things a correction is healthy and BTC will be stronger because of it.
Here is an idea I have about where the bottom of the correction may be found via a harmonic pattern.
A Bullish Butterlfy may be forming. From point C we can come down to the 1.272, 1.414, or 1.618 levels to complete the pattern.
From that point I would expect a reversal wave shooting us back to the ATH.
Trade idea: Short BTC. BTC has already broken below the trend line connecting X-B. It came up and was rejected and now that line is acting as resistance. If it falls below the level of X ($43016) you can consider taking short positions down to the previously mentioned levels.
Wherever BTC finds bottom I don't expect it to stay there very long, though it may take a while to get there.
Let me know what you think.
Is the bull market over?
IMO not by a long shot. If anything this gives folks another opportunity to buy BTC (and Alts) at a discount.
In the grand scheme of things a correction is healthy and BTC will be stronger because of it.
Here is an idea I have about where the bottom of the correction may be found via a harmonic pattern.
A Bullish Butterlfy may be forming. From point C we can come down to the 1.272, 1.414, or 1.618 levels to complete the pattern.
From that point I would expect a reversal wave shooting us back to the ATH.
Trade idea: Short BTC. BTC has already broken below the trend line connecting X-B. It came up and was rejected and now that line is acting as resistance. If it falls below the level of X ($43016) you can consider taking short positions down to the previously mentioned levels.
Wherever BTC finds bottom I don't expect it to stay there very long, though it may take a while to get there.
Let me know what you think.
İlgili yayınlar
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.
İlgili yayınlar
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.