🔥 Bitcoin: Minor Correction After Break Out Possible
Recently, the crypto markets have broken out of a ~2.5 month bear sell-off. The dotted line of the chart was the line that virtually everyone was watching, and we've finally broken out of it, confirming a bullish bias.
However, after a ~22% move within 5 days, it might be very possible for BTC to see a minor correction before continuing the bull trend. Not saying that this will happen, but there's still a lot of traders who are shorting the market, so everyone should at the very least consider the possibility for a bearish retracement.
In addition, a bullish bounce from the previous resistance would indicate further bullish strength and make the bullish narrative much more likely.
Happy trading!
However, after a ~22% move within 5 days, it might be very possible for BTC to see a minor correction before continuing the bull trend. Not saying that this will happen, but there's still a lot of traders who are shorting the market, so everyone should at the very least consider the possibility for a bearish retracement.
In addition, a bullish bounce from the previous resistance would indicate further bullish strength and make the bullish narrative much more likely.
Happy trading!
🎯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
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.