Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick update on Bitcoin. First of all, do not panic guys. IMO this is last correction or the last flush out the high leverage traders.
Let's get to the chart first. BTC has very strong support at $55,800 which is must hold. IMO this 2-hour candle becomes a long wick for liquidating the high leverage traders. I'm expecting a good bounce from here.
If this 2-hour candle closes below $55,800 then our next support is $53,500
So trade accordingly and just keep calm and hold your positions.
If you like this idea then do support it with and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Welcome to this quick update on Bitcoin. First of all, do not panic guys. IMO this is last correction or the last flush out the high leverage traders.
Let's get to the chart first. BTC has very strong support at $55,800 which is must hold. IMO this 2-hour candle becomes a long wick for liquidating the high leverage traders. I'm expecting a good bounce from here.
If this 2-hour candle closes below $55,800 then our next support is $53,500
So trade accordingly and just keep calm and hold your positions.
If you like this idea then do support it with and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
