Bitcoin - $37k very soon!

Hello, everyone!

As you know I told about last local dump to $37k on the Bitcoin price before significant bounce to $44k. But I opened 50% of desired long position at $40100 to earn money in case of absence of further dump.

Looking at the local timeframe I suppose that there is high probability of dump next 24 hours. Why? we can see that the price formed the downside impulse, so we can use the Fibonacci retracement and the price tested Fibonacci golden pocket multiple times but got a rejections on the high volume. It means that the bears control the market and we will see the trendline 1 and trendline 2 breakdown soon. In this case the $37k is almost guaranteed. The cancellation of the bearish scenario is the countertrend line breakout.

Good luck!

Trade easy with Smart tools
Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform
Get started

Similar blog posts

Experience the next level of trading efficiency