The bitcoin correction trend according to the chart in the weekly timeframe, and based on the Fibonacci lines, will probably continue until the support of 52,000, which corresponds to 38% of the Fibonacci. What has been the case with bitcoin ascents in the past is that before each new ATH, there was one ascent, a 6 to 12 day correction period, and a 17 to 23 percent drop in price. This history can be our guide to the future uptrend of Bitcoin.
I will be trading shorts until 52,000 at the moment and then switch to long trades.
BTCUSDT
DISCLAIMER: trade based on your own decision
press like👍 if you enjoy 💚
I will be trading shorts until 52,000 at the moment and then switch to long trades.
BTCUSDT
DISCLAIMER: trade based on your own decision
press like👍 if you enjoy 💚