Bitcoin Daily
My original premise is that Bitcoin's correction would be a potential w-x-y-x-z has come close to playing out....the "Z" leg is yet to possibly come. I remain bullish long term, and I am a bull at each pivot, only to see it fail and drop lower....[sigh]. I believe the Z leg has a strong chance, and this correction could last into April.
I can make an argument for this going lower, and Bitcoin testing the 5500 range....I also track a lot of altcoins, and some of them have really solid targets at lower prices too....as a matter of fact, it's one of the reasons I believe this goes lower, or at least, keeps me more on the bearish side. That said, and at current, there is a lot of divergence, which would suggest that price turns here and now....if it can't make the turn and head to higher ground(much higher), then I believe it will fail and head for a new low.
Cheer$ and good luck!
I can make an argument for this going lower, and Bitcoin testing the 5500 range....I also track a lot of altcoins, and some of them have really solid targets at lower prices too....as a matter of fact, it's one of the reasons I believe this goes lower, or at least, keeps me more on the bearish side. That said, and at current, there is a lot of divergence, which would suggest that price turns here and now....if it can't make the turn and head to higher ground(much higher), then I believe it will fail and head for a new low.
Cheer$ and good luck!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.