IS BITCOIN BULLISH AGAIN? ARE BULLS BACK IN CHARGE? LET'S FIND OUT!!
Pic credits : https://www.thetimes.co.uk/article/spacex-rocket-launch-lift-off-for-elon-musk-s-90m-experiment-wkhqb6jtx
Hello guys,
So as we predicted a small bullish movement from bitcoin 2 days ago and it actually hit all our targets but sadly didn't come to our buying range ($5500-$5800) and nicely reversed from $6000. Now, we're back with a small update on bitcoin. Look at the picture below for reference :
As we can see in the above picture, bitcoin touched $6000 and reversed back above $8000 range pretty nicely breaking a short term downtrend. But the question still remains if bulls are back or is it just a bull trap??
Well, if it forms an inverse head and shoulders pattern (if touches $9400, comes down and holds $8000 level) then yes, it can turn bullish.
WHAT ARE WE EXPECTING?
We think if it breaks $9400-$9500 after forming an inverse head and shoulders pattern (BULLISH SIGN), then it might boom up to as much as $11000 or above (even $12000).
TRADE SETUP
BUYING RANGE : $8000-$8300
STOP LOSS : $7700
TARGET 1 : $9400
TARGET 2 : $10400
Target 3 : $11300 - $11500
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
Please upvote this post if you like it and want to see more posts from us. Good luck! 😊
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Congratulations to those who took the trade in bitcoin. Our first target has been achieved!😊
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