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शीर्ष क्रिप्टो विश्लेषक म्हणतात Bitcoin Could Be Setting Massive Bear Trap – Here Are His Scenarios for BTC
A closely followed crypto strategist and trader is saying that Bitcoin’s (BTC) recent price correction could just be a massive bear trap.
In a new strategy session, pseudonymous analyst Cred tells TechnicalRoundup’s 32,600 YouTube subscribers that it is within the realm of possibilities that Bitcoin is currently shaking out traders below $60,000 before igniting on an epic rally.
“The only level that matters is the weekly range high here (around $59,000). We closed above it. That’s bullish. [The] market is trading lower now, probably towards [the] previous week’s low ($54,000), but because the close was positive, you’re expecting a trap at [the] previous week’s low and then move back above the level, and your first trouble area is the cluster (around $60,000) and then all-time high plus.
I think that’s not the worst argument in the world.”
The crypto strategist believes that Bitcoin has more or less a week to close above the range high around $60,000 and confirm the bear trap.
“In the most bullish case, it’s not the weekly [candle] that has to get rescued… The monthly and weekly get rescued. This current sh*t price action is just a wick portion. We end up closing above [$60,000], and we all panic for nothing, and it’s a full send.”
However, Cred says BTC could ignite a sell-off event if it fails to reclaim the critical level by the end of the month.
“But anything that doesn’t look like that will result in a monthly and weekly failed breakout, whereby you had the previous range high ($60,000), market poked above it, [and] closed below it. On any timeframe, on any chart, whenever you get that type of stuff – a real effort to break from balance and falling back within – your targets are the mid-range and the range low.”
According to Cred, Bitcoin’s inability to end November above $60,000 could result in a market reversal that likely drives BTC to around $50,000.
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सर्फ डेली होडल मिक्स
ताज्या बातम्यांची मथळे तपासा
अस्वीकरण: डेली होडलमध्ये व्यक्त केलेली मतं गुंतवणूकीचा सल्ला नाही. कोणतीही उच्च जोखीम गुंतवणूक करण्यापूर्वी गुंतवणूकदारांनी त्यांची योग्य ती काळजी घेतली पाहिजे Bitcoin, क्रिप्टोकरन्सी किंवा डिजिटल मालमत्ता. कृपया सल्ला द्या की आपल्या बदल्या आणि व्यवहार आपल्या स्वत: च्या जोखमीवर आहेत आणि आपल्यास लागणारी कोणतीही हरवलेली जबाबदारी ही आपली जबाबदारी आहे. डेली होडल कोणत्याही क्रिप्टोकरन्सी किंवा डिजिटल मालमत्ता खरेदी किंवा विक्री करण्याची शिफारस करत नाही किंवा डेली होडल गुंतवणूक सल्लागारही नाही. कृपया लक्षात घ्या की डेली होडल संलग्न विपणनामध्ये भाग घेतो.
वैशिष्ट्यीकृत प्रतिमा: शटरस्टॉक/तिथी लुआडथॉन्ग/नतालिया सियाटोव्स्काया
पोस्ट शीर्ष क्रिप्टो विश्लेषक म्हणतात Bitcoin Could Be Setting Massive Bear Trap – Here Are His Scenarios for BTC प्रथम वर दिसू डेली होडल.
मूळ स्त्रोत: डेली होडल