Retracement of Bitcoin??? Back to $6,000 - $4,000? (D1)
Dear Traders,
After successfully predicting trades for BTC the past 4 weeks, I now see a new development emerging.
There is the possibility of Bitcoin dropping further in price, back to 0% - total retracement. The volumes of sells are nuts.
Big investors are still shorting and the MACD is well and truly Bearish, EMAs are down.
In a correction phase as of now but expect a break in the channel as confirmation to the next target of $6,300
After that to $4,452.
This is daily so be sure to short BTCUSD when you see the flag.
Opportunity to buy cheap Bitcoin in the future, like most stocks, that increase in price summertime.
Take this advice with caution.
All the best.
After successfully predicting trades for BTC the past 4 weeks, I now see a new development emerging.
There is the possibility of Bitcoin dropping further in price, back to 0% - total retracement. The volumes of sells are nuts.
Big investors are still shorting and the MACD is well and truly Bearish, EMAs are down.
In a correction phase as of now but expect a break in the channel as confirmation to the next target of $6,300
After that to $4,452.
This is daily so be sure to short BTCUSD when you see the flag.
Opportunity to buy cheap Bitcoin in the future, like most stocks, that increase in price summertime.
Take this advice with caution.
All the best.
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