Hello folks! After our successful TAs for Bitcoin, Here we are with yet another market analysis for #BTC
Let’s revise what happened earlier:
In our last analysis around 3200 price point, we predicted a temporary uptrend which we expected it to rise upto 3800. #BTC reached 4200 and stabilized which was a good sign for a trend reversal.
Meanwhile, market was still unsure about the movement so we provided you guys with Binance Scalping trades & BitMEX margin signals for you to take short-term profits!
According to Elliott wave analysis & comparing various indicators to that of previous region we can come to the conclusion that Bitcoin is now done with consolidation zone & can continue with the uptrend.
#BTC is now priced at around 3580 (Binance Rate) & entry is recommended at current prices, having your stop-losses set.
Stop-Loss @ 3450 $
In case we break below 3450 region, our previous scenario will come into action & Bitcoin may even plunge down to 2650-2750 region.