🔥 Bitcoin Break Out: Second Try!
In my most recent BTC analysis I wrote about the pending break out of this bullish channel.
Bitcoin indeed broke out, reached 38.000$, but reversed quickly. Leveraged trades reached a climax after Ethereum's ETF announcement, which gave traders a reason to sell the breakout and buy the correction.
Most alts corrected around 20% at the lows, which is healthy correction after this kind of run-up.
My short-term view is still bullish. Bitcoin is likely to break out through this channel in the near future. This time, on lower leverage with a more "natural" move instead of a big spike.
Exciting times for crypto.
Bitcoin indeed broke out, reached 38.000$, but reversed quickly. Leveraged trades reached a climax after Ethereum's ETF announcement, which gave traders a reason to sell the breakout and buy the correction.
Most alts corrected around 20% at the lows, which is healthy correction after this kind of run-up.
My short-term view is still bullish. Bitcoin is likely to break out through this channel in the near future. This time, on lower leverage with a more "natural" move instead of a big spike.
Exciting times for crypto.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publications connexes
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.