BTC Under extreme pressure
Hello traders!
In the past few days Market rose up and every coin is at least 50% up. If we talk about BTC it is 40% up from Feb low and if we look at Jan lows it is about 45% up and at the reaction zone, it will be up exactly 50%. There is a chance that we will see a hard dip from the reaction zone.
BTC was inside a rising channel since 14 march now it's broken and it broke towards the upside, BTC can not outrun the rising channel it is important for BTC to break it downside before taking any other decision.
The downside can start anytime, we have to look closely at the pattern to catch the peak. It can start from 49000 to it can start from the True reversal point which is at 50028.
I am afraid that brokers will go greedy and will play their final move and they will take BTC to 36K within no time. It can be a very hard crash with a 15/20% crash in a day.
If the market formed a pattern below the rising channel then there is a chance buy trades are safe, if BTC failed to form a pattern below the rising channel then RIP to the buyer because you will see a glimpse of what brokers can do in this non-regulated market.
One more thing I must add is that after a dump if you hear bad news and blame a dump on bad news then you are wrong.
Don't forget to hit the like button and follow to stay connected.
In the past few days Market rose up and every coin is at least 50% up. If we talk about BTC it is 40% up from Feb low and if we look at Jan lows it is about 45% up and at the reaction zone, it will be up exactly 50%. There is a chance that we will see a hard dip from the reaction zone.
BTC was inside a rising channel since 14 march now it's broken and it broke towards the upside, BTC can not outrun the rising channel it is important for BTC to break it downside before taking any other decision.
The downside can start anytime, we have to look closely at the pattern to catch the peak. It can start from 49000 to it can start from the True reversal point which is at 50028.
I am afraid that brokers will go greedy and will play their final move and they will take BTC to 36K within no time. It can be a very hard crash with a 15/20% crash in a day.
If the market formed a pattern below the rising channel then there is a chance buy trades are safe, if BTC failed to form a pattern below the rising channel then RIP to the buyer because you will see a glimpse of what brokers can do in this non-regulated market.
One more thing I must add is that after a dump if you hear bad news and blame a dump on bad news then you are wrong.
Don't forget to hit the like button and follow to stay connected.
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