๐๐Why is BTC falling down?๐ฅ๐จ
The answer to that is plain and simple, $BTC has recently closed a monthly candle in green. ๐๐๐ฅ
After closing a green candle, the next candle usually falls down to correct a possible over valuation. In it's journey down, price action will seek established support points.
These points will either push the price up, hence a bounce happens, or will break down, turning the said support point into a resistance. ๐ฅ๐ฅ
The question is how will we know if this correction will bounce back up or will just break down?๐ฅ๐
Hmmm, to answer, let's not look any further. Let's turn our curious eyes into the BTC chart.๐๐ฅ
The $BTC monthly chart has always been bullish. For months now, It's been consistent on it's stand.
At first glance you'll see a huge bullish double bottom. It has long been formed and upside target is 107k. ๐ฅ๐๐๐
Hence, at this point, the best way to go is to buy each dip, hodl, and most of all be patient. BTC will always be moving in zigzag as it paves its way up. ๐๐๐ฅ
$DYOR. NFA.๐ฅ๐
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Chart below๐
