BTC has returned to the 71k resistance area and this time it seems to be different from the previous time when the cash flow started to flow in a lot, the selling force was also less.
My answer is no, after Bitcoin broke the 60k area and had a shaking session then went up again, but everyone can see that the volume has not been bought much and is very weak. Quite different from January with strong buying after shaking off and reconfirming the upward momentum.
=> It's likely just a market recovery session so be careful of a sharp drop (if any) to the 52k area (support Weekly chart)
Last time, there was bad news, there was a lot of war, everyone talked about 5x and 4x but in the end, BTC still increased from 6x to up.
And now it's the same Sell in May, ETH ETF is not approved, CZ goes to jail. The more you follow the news, the more you will be sneezed at, led to lose your business.
Every time the market drops, I buy more. The more scared I am, the more I have to buy. Don't trust anyone, just trust me.
After Halving, there will only be Up and Only Up. End.
The Fear and Greed Index has reached the bottom of January at the beginning of the year, this is also the period when#BTCcorrected nearly 20%. Bitcoin then increased by nearly x2 from the bottom.
After breaking the trendline $BTC which is struggling at 70k, I see that in this area the selling force is weakening and the buying force is increasing, this proves that the market is quite good.
=> The east wind is coming and breaking ATH will be sooner or later.
#Crypto market and $BTC are about to launch. Forecast $BTC will reach 90-100K
The past always repeats itself, every time the market corrects and low liquidity continuously appears, it proves that the selling force has weakened and only needs a strong increase session with large volume to fly to the top.
#Crypto market and $BTC are about to launch. Forecast $BTC will reach 90-100K
The past always repeats itself, every time the market corrects and low liquidity continuously appears, it proves that the selling force has weakened and only needs a strong increase session with large volume to fly to the top.
Having said that, if there is no cash flow and not enough time to accumulate, how can the market fly?
Listening to the words of the saints, they trade all day long, uptrends and all kinds of things will one day disappear.
$BTC $ETH #Crypto
LIVE
Cong Truong - Tommy Đầu Tư
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$BTC Is it bottom yet?
After yesterday's session, March 17, it increased sharply again by more than 4% and KOLs continuously confirmed that it was the bottom and did not order, I thought differently.
In previous corrections (arrows), most of the correction time was 1-2 weeks or more and there was a breakout session with a sudden increase in volume, confirming the bottom had passed and increased again.
Currently, it has only been about 3-4 days of adjustment and there is still no strong increase in volume, so it is likely that it will correct further or go sideways for another week, then the bottom will appear.
It's best for investors to still be careful and limit using futures to catch the bottom at this stage, it's very easy to break your hand.
You have to wait for a withdrawal candle session with strong cash inflow, then maybe a bottom will appear, otherwise it will drop to 56-58k like I said before or drop more strongly. #Bitcoin$BTC
LIVE
Cong Truong - Tommy Đầu Tư
--
$BTC Is it bottom yet?
After yesterday's session, March 17, it increased sharply again by more than 4% and KOLs continuously confirmed that it was the bottom and did not order, I thought differently.
In previous corrections (arrows), most of the correction time was 1-2 weeks or more and there was a breakout session with a sudden increase in volume, confirming the bottom had passed and increased again.
Currently, it has only been about 3-4 days of adjustment and there is still no strong increase in volume, so it is likely that it will correct further or go sideways for another week, then the bottom will appear.
It's best for investors to still be careful and limit using futures to catch the bottom at this stage, it's very easy to break your hand.
Today I don't see anyone calling #tradel or #Futures or whatever, it's so boring.
LIVE
Cong Truong - Tommy Đầu Tư
--
$BTC Is it bottom yet?
After yesterday's session, March 17, it increased sharply again by more than 4% and KOLs continuously confirmed that it was the bottom and did not order, I thought differently.
In previous corrections (arrows), most of the correction time was 1-2 weeks or more and there was a breakout session with a sudden increase in volume, confirming the bottom had passed and increased again.
Currently, it has only been about 3-4 days of adjustment and there is still no strong increase in volume, so it is likely that it will correct further or go sideways for another week, then the bottom will appear.
It's best for investors to still be careful and limit using futures to catch the bottom at this stage, it's very easy to break your hand.