Big Chance for BTC
Disclaimer: This trade idea is for educational purposes only and is not intended to be financial advice, any trades taken based off this trade idea is taken at your own risk, we will not be held responsible for any lost capital.
There are two possibilities I see happening... On one hand BTC has the chance to hit our demand zone (indicated by the green rectangle) and than rally as many investors are hoping to happen
On the other hand we could see a further decline of BTC to around the 30k area...
As we are currently in a bear market we need to be cautious on how we approach this volatile crypto...
I am currently treating each demand zone as a pullback for more down momentum... But if my demand zone (as indicated by the green rectangle) holds, than I will be looking to change my bias to a buy.
There are two possibilities I see happening... On one hand BTC has the chance to hit our demand zone (indicated by the green rectangle) and than rally as many investors are hoping to happen
On the other hand we could see a further decline of BTC to around the 30k area...
As we are currently in a bear market we need to be cautious on how we approach this volatile crypto...
I am currently treating each demand zone as a pullback for more down momentum... But if my demand zone (as indicated by the green rectangle) holds, than I will be looking to change my bias to a buy.
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