Hello traders!
Two days ago I posted a sell scenario about BTC and it dumped exactly from there. It was a 10% drop. It was a shockwave for many buyers who can't wait for BTC to touch 100,000. BTC is never in a hurry to touch bulls target also it's never in a hurry to touch a bearish target.
Our sell target is at 34500 but we will play sensibly with patience and we will take actions according to the reaction pattern because reaction patterns never lie.
In the next step, I am expecting BTC to touch 43300 which is about 8% retracement from the current position.
We can see a trendline from the top and I am expecting a breakout in this retracement but after the breakout of the trendline, we will see another dump. This dump might be bigger than 10%.
Don't forget to hit the like button and follow to stay connected
Two days ago I posted a sell scenario about BTC and it dumped exactly from there. It was a 10% drop. It was a shockwave for many buyers who can't wait for BTC to touch 100,000. BTC is never in a hurry to touch bulls target also it's never in a hurry to touch a bearish target.
Our sell target is at 34500 but we will play sensibly with patience and we will take actions according to the reaction pattern because reaction patterns never lie.
In the next step, I am expecting BTC to touch 43300 which is about 8% retracement from the current position.
We can see a trendline from the top and I am expecting a breakout in this retracement but after the breakout of the trendline, we will see another dump. This dump might be bigger than 10%.
Don't forget to hit the like button and follow to stay connected
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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.
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.