Bitcoin parallel channel

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Bitcoin is currently moving in a rising parallel channel which indicates $7500 level soon. My previous analysis showed us rising wedge and we got out of BTC at $7750 successfully.

Now, if the 6th of every month pattern follows, there is a 30% chance that BTC goes down to $7200 level, acts as a support and then rise again to break $7800 level. Other case is 70% chance that BTC goes down till $7520 level and then a bounce back to $8000 level.

I do not think we will go down to $7000 again!

Place your stop losses optimally and leave your emotions aside while trading. Good days are ahead and we are into a start of a mega bull run!

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Happy investing!

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.