Hi bitcoin ended long and cruel correction
Lot of new traders who came in mania cycle suffered with loss
Fortunately, there is sign of reversal with possible reverse head and shoulder patter
It's likely to headed to ~12K level corrected at each downward trendline
There is still lot of btcusdlong position.
We should keep eye on btcusdshort position.
When btcusdshort rises toward highest level when it reach 12k, we should suspect this from whale and there can be long long correction again.
But week ahead will be good. let's enjoy trend reversal. possible correction near is expected but not sure when it will come
It could start right now or break downward trend line and start from 9k level
Lot of new traders who came in mania cycle suffered with loss
Fortunately, there is sign of reversal with possible reverse head and shoulder patter
It's likely to headed to ~12K level corrected at each downward trendline
There is still lot of btcusdlong position.
We should keep eye on btcusdshort position.
When btcusdshort rises toward highest level when it reach 12k, we should suspect this from whale and there can be long long correction again.
But week ahead will be good. let's enjoy trend reversal. possible correction near is expected but not sure when it will come
It could start right now or break downward trend line and start from 9k level
this is also really possible scenario
so 9k or now is the problem for near term correction