Birds Eye View on Bitcoin
BTC touched the regression channel-bottom nicely.
I am open to several scenarios, where one is the institutional way of looking at things, using reload-zones.
I drew in three major reload-zones, and combined where they overlap, called reload zone in the chart.
If the support at 10,5k is broken we may see a fast decline into a possible touch around the 0,38-Fibonacci-level,
or a wick all the way down to the reload-zone mentioned, down to around 6k.
As the markets are quite volatile, and in my opinion ripe for a major correction, we may see BTC leading a decline that goes even below 6000.
The bear-market isn't officially over yet the way I see it, I do believe we are in a bull-market, but anything can happen.
This is my first published idea, I'm basically publishing so that I am more thoughtful of my analysis.
I had several a buy-orders, starting at 8888, and so far it bounced back at 8,9k - so I just missed that one.
To me the moment we see a weekly close above 14k is when the bull market has officially started.
Just to make it clear: I have also purchased a bit BTC, for buying Altcoins, at levels around 11-12k.
I see BTC heading for a correction - but it will most likely be short lived.
Cryptos are here to stay, and BTC is the mother of all of them.
I am open to several scenarios, where one is the institutional way of looking at things, using reload-zones.
I drew in three major reload-zones, and combined where they overlap, called reload zone in the chart.
If the support at 10,5k is broken we may see a fast decline into a possible touch around the 0,38-Fibonacci-level,
or a wick all the way down to the reload-zone mentioned, down to around 6k.
As the markets are quite volatile, and in my opinion ripe for a major correction, we may see BTC leading a decline that goes even below 6000.
The bear-market isn't officially over yet the way I see it, I do believe we are in a bull-market, but anything can happen.
This is my first published idea, I'm basically publishing so that I am more thoughtful of my analysis.
I had several a buy-orders, starting at 8888, and so far it bounced back at 8,9k - so I just missed that one.
To me the moment we see a weekly close above 14k is when the bull market has officially started.
Just to make it clear: I have also purchased a bit BTC, for buying Altcoins, at levels around 11-12k.
I see BTC heading for a correction - but it will most likely be short lived.
Cryptos are here to stay, and BTC is the mother of all of them.
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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.