BITCOIN CORRECTION INCOMING ~12K RETEST

2020년 12월 9일

Hey everyone, if you been in the crypto space for awhile, you know bitcoin in a bull run always has 35-40% corrections historically before setting new highs. Short term i am bearish as btc has lost momentum and is currently overextended. a 38% correction from the top takes us to around 12k strong support in confluence with the .618 fib level which i think will hold. I also think this correction will be quick and violent as new money is getting dumped on. If you like this opinion please give me a follow as i like to post simple, straightforward trades and ideas.

Thanks