ðĨ Bitcoin Healthy Correction: Bullish Price Action
After 2 weeks of straight gains, both Bitcoin and stocks are overdue for a correction. With todays price action, I think we're about to get just that.
Corrections during bullish moves are a good thing. They allow for overbought indicators to reset their values to become interesting again for both regular investors and trading algorithms.
As long as the BTC correction will not go below the support zone, I think that we will continue our bullish path. Consequently, bulls will be looking to go long on both BTC and alts inside that zone. Prepare for a potential big bounce in the coming days.
Happy trading1
Corrections during bullish moves are a good thing. They allow for overbought indicators to reset their values to become interesting again for both regular investors and trading algorithms.
As long as the BTC correction will not go below the support zone, I think that we will continue our bullish path. Consequently, bulls will be looking to go long on both BTC and alts inside that zone. Prepare for a potential big bounce in the coming days.
Happy trading1
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