#BTCUSDT Retest complete ? or More corrections ahead ? PART II

25 lut 2022

Welcome to this analysis everyone.
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Now lets's get to the chart.
BTC retested the $34k level making a low of $34,222.
As I said in my previous chart, I'll be adding on spot till $33k.
Although there is a lot uncertainty in the global market but everything is in the chart if you look properly.

Bitcoin is making a green candle on this 200D MA in the 3 days chart.
The candle closes in the next 31 hours.
TBH, That's a nice DOJI.
Once we see the weekly as well as 3 day candle closing above $38k things will get better in the short term.
Still It's hard to say that correction is over.

CONCLUSION:- BTC looks bullish in the short term. But you gotta be very careful because either we are about to see a new parabolic run all the way to $100k+ or this will end up being a trap.
In both scenarios there are some confirmations for which we will wait and I will keep you posted.

What do you think about it?
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Thank you

#PEACE

26 lut 2022

Zlecenie aktywne

BTCUSDT short time frame Update:- The best entry for going long on BTC would be somewhere between $37.5k to $38.6k with SL around $37170.
I've got a few questions regarding going long on BTC so thought to post this.
Hope to help.