Bitcoin is going to reach $20k
Hey, everyone!
Now it's time to talk about the Bitcoin mid term analysis. A week ago I warned you that the insane bearish signal has been flashed🔴. This signal is a divergnece. I cosidered the one more leg up to 26k, but I told you that it's not obligatory. I traded at local time frame in the direction of a trend. That's why I opened short just before the crash.
Today we received the downtrend confirmation📉. After the Awesome oscillator's bearish divergence the price has finally printed the red candle on my indicator. This indicator is just a combination of fractals and Alligator. It shows us the current trend.
In my opinion the price now is going to reach the 0.61 Fibonacci level at 20k. The further decisions we will make later. Now I am still holding my short.
Best regards, Ivan
Now it's time to talk about the Bitcoin mid term analysis. A week ago I warned you that the insane bearish signal has been flashed🔴. This signal is a divergnece. I cosidered the one more leg up to 26k, but I told you that it's not obligatory. I traded at local time frame in the direction of a trend. That's why I opened short just before the crash.
Today we received the downtrend confirmation📉. After the Awesome oscillator's bearish divergence the price has finally printed the red candle on my indicator. This indicator is just a combination of fractals and Alligator. It shows us the current trend.
In my opinion the price now is going to reach the 0.61 Fibonacci level at 20k. The further decisions we will make later. Now I am still holding my short.
Best regards, Ivan
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