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BlackchenOG
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I'm expecting a retracement
I'll secure some profit now partially.
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Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.
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$BTC Update!!! Market manage to bounce at support level and break upper resistance. it is a strong bullish reaction but let's wait for more further data to conclude this movement. for now stay cautious and stay safe. on the other hand market is trading below ema200 hinting us that market might struggle to push the price towards new ATH. we will also expect a reaction once candle touch the ema 200. If candle manage to trade above ema200 then we can say that bulls are back in track. not financial advice ๐ฅ #MarketDownturn
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The cycle
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$BTC Mega sale ๐ not financial advice ๐ฅ
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$BTC all can say market can still drop down to 46k current price is already in ideal Dleg of harmonic pattern which is also on an ideal buy zone since it is currently on 78% of Fibonacci level of sequence. while this is also consider as wyckoff spring with newly determined stoploss or new support at 38400. you gonna buy high sell low? or buy low sell high? turn your moon phase guide ๐ you will know when you see it ๐. not financial advice ๐ฅ
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$BTC will 60% retracement bounce now? or continue to drop down to 78%? well as long as 53k holds this is still in a bullish zone. while breaking 78% will increase the chance of a market drop down to 48k-46k. check moon phase for extra validation ๐ not financial advice ๐ฅ
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