BitcoinShort
$BTC likely to be bearish till 21st Jan, until new bull cycle
Trend analysis and ideas based 2017 price rally. IMO BTC is very early in this bull market; thus 1-2 weeks correction of 38% is much needed for price rally to continue. In 2017 we witnessed over 6 times 1 to 6 weeks correction trends with 30-38% drop in price. Thus in this chart, 38% looks like a sweet spot to hit within the next 10 days. New bull cycle starting up from 21st onwards.
In the 4-hour chart, BTC continues to stay in a downtrend channel.
If 30k price support is broken, we will likely see quick visit at 25k, while 19 - 22k is extremely unlikely to happen, it's still possible.
In the 4-hour chart, BTC continues to stay in a downtrend channel.
If 30k price support is broken, we will likely see quick visit at 25k, while 19 - 22k is extremely unlikely to happen, it's still possible.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.