Hello together,
enclosed is my update on the BTC price as every day.
We had closed a nice trade yesterday with a lot of profit. It then occurred exactly what I predicted in BTC#28. A short strong wig downwards, which was immediately bought up again. I was also a bit surprised that it happened so quickly. I personally would have still expected a small consilidation phase.
We had a trade open this morning where we already realized 10% gains on our ATH! As it turned out, that was also exactly the right decision.
What do I expect from BTC now:
Right now it looks like we are forming a double top. This is a bearish chart pattern and I consider this scenario as not unlikely that we will now see a correction that can take us to our Rising Wedge Supprt. Here the bulls have to show again what they have got. If we bounce here, I think that our correction has already been and we will rise to about $38,000 and higher!
You have to keep one thing in mind. This bull market is totally different than the bull market before. We have a lot of big companies invested in BTC, just as more and more smaller investors are pouring into the market. You just have to ask yourself, why would a whale sell their BTC now? Right, makes no sense to me right now. EVERYONE is aiming for the $80,000-$100,000!
Feel free to post in the comments if you expect a 20-20% correction?
Take care of yourselves!
Your Schueco
P.s.: As always, please like, comment and leave a follow so that you don't miss any analyses!
enclosed is my update on the BTC price as every day.
We had closed a nice trade yesterday with a lot of profit. It then occurred exactly what I predicted in BTC#28. A short strong wig downwards, which was immediately bought up again. I was also a bit surprised that it happened so quickly. I personally would have still expected a small consilidation phase.
We had a trade open this morning where we already realized 10% gains on our ATH! As it turned out, that was also exactly the right decision.
What do I expect from BTC now:
Right now it looks like we are forming a double top. This is a bearish chart pattern and I consider this scenario as not unlikely that we will now see a correction that can take us to our Rising Wedge Supprt. Here the bulls have to show again what they have got. If we bounce here, I think that our correction has already been and we will rise to about $38,000 and higher!
You have to keep one thing in mind. This bull market is totally different than the bull market before. We have a lot of big companies invested in BTC, just as more and more smaller investors are pouring into the market. You just have to ask yourself, why would a whale sell their BTC now? Right, makes no sense to me right now. EVERYONE is aiming for the $80,000-$100,000!
Feel free to post in the comments if you expect a 20-20% correction?
Take care of yourselves!
Your Schueco
P.s.: As always, please like, comment and leave a follow so that you don't miss any analyses!
YOUTUBE:
www.youtube.com/channel/UCh8EqZyAUunyl1ryHeZAaSw
Krypto Ausbildung:
bitbull-trading.com/kickstarter2.0
Free Telegram Group:
t.me/BK_btc_trading
www.youtube.com/channel/UCh8EqZyAUunyl1ryHeZAaSw
Krypto Ausbildung:
bitbull-trading.com/kickstarter2.0
Free Telegram Group:
t.me/BK_btc_trading