Good Morning! I woke up this morning to find out Bitcoin is down to $11,300 from $12200 hight yesterday, it seems that we still fighting the bears with this healthy correction. BUT how much will BTC correct? And for how long?
Today BTC probably will be swinging from lower $10900 up to $11800, and this is perfect for day traders if you catch that wave length.
The volume is getting lower by the day, and this is not a good sign, meaning that we STILL on a correction and it probably will get much lower if we don’t break that upper resistance and the volume goes up, this will create a new lower high.
After 2 successful bear flags, I see the formation of a 3rd one that can bring the correction in the short term to $10900 or so, and if this trend continues, it can go even lower and getting closer to the bear flag target of +-$7900
Let’s see what happens today.
★Don’t forget to upvote this post and good luck with your trades★
--------This information is not a recommendation to buy or sell. It is to be used only for educational purposes.------