Bitcoin next move - WHY I DON´T PANIC

24 févr. 2021

BTC1!

Hi!

Overall sentiment is bullish.
Bitcoin is sitting at key level at the moment. Many people bought the dip but there is still chance it will go lower.

Why BTC could go up:
1. From historic moves we see Bitcoin has very strong support on EMA50 on 12H timeframe which is holding last 2 dumps
2. BTC touched already twice SD zone around 45000 - 48900USD
3. Retrace from the last swing reached already 50%

All this is clear signal of strong signal and moving up but there could be always surprise.


Why BTC could go lower:
1. F2pool dumping the price of BTC
2. Many people got profits already but too much bearish news on TV
3. Fomo buyers are getting wrecked and liitle dump under 45000USD would cause more sell off

If we go lower then I buy more but at the moment BTC1!

If you find this useful then give like to this post and comment. Thanks!
Stay calm if you are mid and long term interested in crypto.
If you spend most of time on 5 minute chart then it's time to panic, sell of everything and then buy again when it's more expensive :)


Good luck!
M

This is not any financial advise, always check the market before entering any position.

24 févr. 2021

Note

1h TF

I do not enter in long just holding my investment in BTC. There is still possible move down 44600 or 40000USD