Likely Reversal From $5k Support By Mid-July
Analysis:
BTC's ceiling seems to be retracing with perfect symmetry, which will likely bring BTC near 5k by mid-July and invoke a break through where the ceiling of the mid-term retracement and long-term support levels converge around 5k to continue the long-term upward trend.
Personal:
If BTC continues it's dive down to 5k in the expected timeframe specified above, I'll take a heavy position in leveraged futures between 4.8k and 5.3k. The leverage multiple will depend on short-term trends once BTC breaks through 5.3k. I expect to post an update when/if this analysis plays out in BTC.
BTC's ceiling seems to be retracing with perfect symmetry, which will likely bring BTC near 5k by mid-July and invoke a break through where the ceiling of the mid-term retracement and long-term support levels converge around 5k to continue the long-term upward trend.
Personal:
If BTC continues it's dive down to 5k in the expected timeframe specified above, I'll take a heavy position in leveraged futures between 4.8k and 5.3k. The leverage multiple will depend on short-term trends once BTC breaks through 5.3k. I expect to post an update when/if this analysis plays out in BTC.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.