from our analysis, BTCUSD is showing sign of exhaustion for a downtrend
I can remember i once said that if BTCUSD reaches $26,000 we should buy.
but funny enough BTCUSD reacted with the previous yearly close of about $29,000 and showed willingness to buy.
secondly, BTCUSD after the willingness is reacting to a previous monthly low in the month of April, 2021 at $46,000
If by the end of this month it gives us a formation like a tweezer or engulfing, then BTCUSD will fall to $13,000
Understanding market rhythm is the key to successful trades🙌
I can remember i once said that if BTCUSD reaches $26,000 we should buy.
but funny enough BTCUSD reacted with the previous yearly close of about $29,000 and showed willingness to buy.
secondly, BTCUSD after the willingness is reacting to a previous monthly low in the month of April, 2021 at $46,000
If by the end of this month it gives us a formation like a tweezer or engulfing, then BTCUSD will fall to $13,000
Understanding market rhythm is the key to successful trades🙌