Yes, I'm bullish Bitcoin in the long run, but in my opinion, sometimes, in the near future, a deep correction will happen, and the road "to the Monn" will not be a straight line.
I have 2 main reasons when I say that bulls lost their power:
1. The ATHs are anemics
2. The trend line and horizontal support are touched too many times , are too obvious, and to make money trading should not be so simple
Of course, I'm not recommending shorting a bullish market, but these signs represent a big alarm in my book.
Time will tell, but a still expect 40k zone for a buy and hold.
Best regards
Mihai Iacob
I have 2 main reasons when I say that bulls lost their power:
1. The ATHs are anemics
2. The trend line and horizontal support are touched too many times , are too obvious, and to make money trading should not be so simple
Of course, I'm not recommending shorting a bullish market, but these signs represent a big alarm in my book.
Time will tell, but a still expect 40k zone for a buy and hold.
Best regards
Mihai Iacob
Note
If btc don t hold 59-60k support is bad for bulls
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.