Edgy_
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Edgy_
Hey guys,BTC is currently descending, and a decision will be made here shortly, that can lead to a huge correction down.=> We will look at specific areas for the correction, where one could buy lower.We're also gonna talk about the major macro picture with the stock market, since crypto highly correlates with it.Have fun watching! ;)
Edgy_
SOL: Is testing bottom support at $180 psychological for the 10th time. If it breaks, could go towards 140/120, giving 25-35% short profit unleveraged. 👉 As always depends on grandpa #BTC correlation, and also general market.Happy trading & investing!
Edgy_
BTC is currently in a Descending Triangle both on the Daily & 3D charts:=> 30k has been the critical psychological mark for the bulls to uphold, since we first breached all the way to the downside in May.Therefore, should we loose this as a support, there is a high chance that we will be going down towards 20k:As the previous ATH from the 2017 rally, it acted as resistance on the way up during this rally -albeit for a very short time. But there is no other significant support once we break the 30k.Should we OTOH hold the 30k, the bulls would need to clearly and decisively break above 36k as lower highs, in which case we would consolidate probably for the coming months & even into 2022 between 60k & 40k: We have a huge space here between those ranges due to the sharp short break in May.The probability is more on the bearish side currently.Happy trading & investing!
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