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mcdaverage

Dear Bulls, it will be OK. Buy the dip!

Long
Bitcoin (INDEX:BTCUSD)  
mcdaverage Aggiornato   
INDEX:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Fundamental Analysis Cryptocurrency Bitcoin (Cryptocurrency) bitcoinforecast cryptotrading crypto bitcoinprice
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trendanalysis indicator fundamental cryptocurrency bitcoin bitcoinforecast cryptotrading crypto bitcoinprice
Opinion
  • Only bullish news, El Salvador bought the dip, and will keep buying to inflate the price post Bitcoin Day.

Fax No Printer
  • We're trading above 50-day MA.
  • Trend is still up.
  • Price is building a support structure and demand zone in the orange area, with volume.
  • Retracement was mostly big wallets taking profit and overleveraged longs.
  • Retracement was overdue, funding fee on altcoins was high, funding is now flat/slightly bullish again.

Conclusion
Great RR to buy the dip!

snapshot
Commento:
First TP is $50k zone.

Idee correlate

mcdaverage
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