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BTCUSD: If the price is going to stop falling, this is the time!
Hello! My name is Ivan. I am a stock market trader and right now I am also trading cryptocurrencies. In April I published my forecast about BTC price, and I was right, the price really went up. Check it HERE. Now I see a possible growth potential in BTC again. I think that Bitcoin price is ready for the next upper move.
• There was a serious growth and a price needs a rest. That’s why the correction looks logical here.
• The correction was about 55% of previous move, which is enough to start the next wave.
• The correction loses its bearish power. That’s my subjective view.
My conclusion: the probability of next upper wave is very high. If we go up, we may reach 9000 again. If we go down, the price may hit 7500. But I think that upper wave is coming. If the price is going to stop falling, this is the right time for this.
Disclaimer: I don’t see the future. Nobody can tell you what will happen tomorrow. This is just my point of view. Subscribe to my TradingView profile for more trading alerts and tips. I don’t publish too often but I try to give only best signals.
• There was a serious growth and a price needs a rest. That’s why the correction looks logical here.
• The correction was about 55% of previous move, which is enough to start the next wave.
• The correction loses its bearish power. That’s my subjective view.
My conclusion: the probability of next upper wave is very high. If we go up, we may reach 9000 again. If we go down, the price may hit 7500. But I think that upper wave is coming. If the price is going to stop falling, this is the right time for this.
Disclaimer: I don’t see the future. Nobody can tell you what will happen tomorrow. This is just my point of view. Subscribe to my TradingView profile for more trading alerts and tips. I don’t publish too often but I try to give only best signals.
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