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Sunday, April 9, 2023

69% Correction - 31% Upside continuation!

69% Correction - 31% Upside continuation!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Greetings Everyone,

Let's talk about Bitcoin...

Many people are counting the diamond Top as a bullish continuation pattern.

The technical possibilities are 31% to break the upside and 69% downside.

Comparing the possible movement with VRVP we can see where the buy volume stands...

As I said many times in previous posts...

I am going to short #Bitcoin if we break below $27.530.

The upside channel is calling correction to the 23ks area and VRVP.

Your comments and a possible like in our TA, will be always appreciated.

I am waiting from you to discuss anything connected with cryptocurrencies and crypto industry. :)

Have everyone a nice day ahead!

Via TradingView Ideas

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