Yesterday was pretty bloody day for the Long positions. More than 160kk$ Long positions were liquidated in Bitmex and it is estimated to be the largest amount in 2020. The price of first Cryptocurrency crashed from from 9300$+ to 8500$. 1W chart indicates that we Hit the 8500$ supported by two MA(ma20-ma50) at the same time in 1D chart MA-200 keeps us from falling. Obviously BTC seems quite weak now but chances for Come Back still left. There is little room for doubt that if we break 8500$ we will be in the area of 8250$-8000$ for one BTC. In the Chart I illustrated real chance for rH&S and it seems quite attainable. The right Shoulder could be shortened But it shouldn't be less than 7300$. I can decisively point out that If we break 7280$ we will make a new Low below 6400$.
My Telegram channel where I predicted correction from 9700$ to 9000$ and provided plenty of vital data. Here I share some free signals and my point of view around Cryptocurrency world:tg://join?invite=AAAAAFbm3Hwmej3LdIptNw
My Telegram channel where I predicted correction from 9700$ to 9000$ and provided plenty of vital data. Here I share some free signals and my point of view around Cryptocurrency world:tg://join?invite=AAAAAFbm3Hwmej3LdIptNw