Bitcoin $7000?
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Good Mornings Traders,
As many will know i have been calling for a strong correction for a number of weeks with this looking like Tulip Mania 2.0
The question is, is this just a simple correction in price action or the longer term fall of bitcoin?
Should we break the Daily 50EMA i see further downside and a potential retest of the Daily 200EMA at roughly $7000
How do you see this pullback?
Tom Hall
As many will know i have been calling for a strong correction for a number of weeks with this looking like Tulip Mania 2.0
The question is, is this just a simple correction in price action or the longer term fall of bitcoin?
Should we break the Daily 50EMA i see further downside and a potential retest of the Daily 200EMA at roughly $7000
How do you see this pullback?
Tom Hall
Nota
Price has now broke out of the 4hr consolidation period.Some great comments & information below from traders :-)
Nota
Nota
Will key $5,850 structure support hold?Regardless of the direction price decides to break, there is a trading opportunity.
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