Bitcoin – this pump does not change anything!
Hello, everyone!
I prepared to short the market, but today’s pump broke the potential bearish divergence on the 4h timeframe, that’s why I did not executed short this time. The BTC price broke the resistance and thus I suppose that the road to $52000 is unlocked.
There are still a lot of shorts on the market, but the Fear & Greed index became “Greed”. That’s why this pump will have the restricted upside potential, but $49-51k range is almost guaranteed now. The Bitcoin is still in wave 4, which is the longest wave, but this wave’s formation changed. I supposed it’s going to be the triangle wave, but it is the A-B-C fleet correction wave. The maximum target is
52K (0.618 Fibonacci level) the downside target is still the same and equals 26k (zone 27 Fibonacci). Here is also the potential bearish divergence with MACD on the 1D timeframe, be very careful with long positions.
Good luck!
DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.
I prepared to short the market, but today’s pump broke the potential bearish divergence on the 4h timeframe, that’s why I did not executed short this time. The BTC price broke the resistance and thus I suppose that the road to $52000 is unlocked.
There are still a lot of shorts on the market, but the Fear & Greed index became “Greed”. That’s why this pump will have the restricted upside potential, but $49-51k range is almost guaranteed now. The Bitcoin is still in wave 4, which is the longest wave, but this wave’s formation changed. I supposed it’s going to be the triangle wave, but it is the A-B-C fleet correction wave. The maximum target is
52K (0.618 Fibonacci level) the downside target is still the same and equals 26k (zone 27 Fibonacci). Here is also the potential bearish divergence with MACD on the 1D timeframe, be very careful with long positions.Good luck!
DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.
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