Is there anyone who hasn't read this analysis yet?
Upward retreats are TRAP!
Be careful and evaluate the corrections.
Prepare for the bull.
I hope BİTCOŞAR Family will win again.
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🚨 Bitcoin Breakout Has Arrived! BTCUSDT Analysis (Price Target 56K)
#Bitcoin closed below the 50-day EMA support on the daily chart.
It is currently trading above the $66,000 support. $BTC
There is also a rising wedge formation in BTC. The price target for this is 56 thousand dollars. I previously had an analysis where I gave a price target of 56 thousand dollars and we tested the 56 thousand dollar region. At that time, most were bullish and no one gave a pinpoint price target of $56,000. I just shared this. (I'm not praising, I'm informing.)
We tested here before, now I think this price target will come again depending on the rising wedge formation on the chart and closing below the 50-day EMA support.
In summary, I expect a 10%-20% drop in BTC in the coming days and a corresponding 30%-50% drop in altcoins.
This expected decline may not come suddenly, small investors will continue to play with upward retreats. Be careful, don't fall into the trap.
Do not trade with leverage, your money will be reset. Never make panic sales other than stop-loss, that is, sell at a loss, make profit sales. These declines will be great buying opportunities for the BİTCOŞAR Family.
When you are at a loss, wait and be patient, the procession will rise again. We have a great bull season ahead of us.
Finally, in case of daily closing above 70 thousand dollars, this formation and scenario will be disrupted. Accordingly, we make market updates and #Bitcoin analysis. Follow me.
These are my personal opinions, they are not definitive and are not investment advice. It is for informational purposes.
🤑 Follow me so you don't miss any profitable information! @İbrahim COŞAR (BİTCOŞAR)
#İbrahimCOŞAR #BİTCOŞAR
#Bitcoin closed below the 50-day EMA support on the daily chart.
It is currently trading above the $66,000 support. $BTC
There is also a rising wedge formation in BTC. The price target for this is 56 thousand dollars. I previously had an analysis where I gave a price target of 56 thousand dollars and we tested the 56 thousand dollar region. At that time, most were bullish and no one gave a pinpoint price target of $56,000. I just shared this. (I'm not praising, I'm informing.)
We tested here before, now I think this price target will come again depending on the rising wedge formation on the chart and closing below the 50-day EMA support.
In summary, I expect a 10%-20% drop in BTC in the coming days and a corresponding 30%-50% drop in altcoins.
This expected decline may not come suddenly, small investors will continue to play with upward retreats. Be careful, don't fall into the trap.
Do not trade with leverage, your money will be reset. Never make panic sales other than stop-loss, that is, sell at a loss, make profit sales. These declines will be great buying opportunities for the BİTCOŞAR Family.
When you are at a loss, wait and be patient, the procession will rise again. We have a great bull season ahead of us.
Finally, in case of daily closing above 70 thousand dollars, this formation and scenario will be disrupted. Accordingly, we make market updates and #Bitcoin analysis. Follow me.
These are my personal opinions, they are not definitive and are not investment advice. It is for informational purposes.
🤑 Follow me so you don't miss any profitable information! @İbrahim COŞAR (BİTCOŞAR)
#İbrahimCOŞAR #BİTCOŞAR
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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