Long BTCUSDT

2022년 5월 26일

lot of people had lost money buying YFII and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times.
Everytime, it drops below 29k, it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip.

BTC had made a bullish flag pattern and it fake out of the range.
It made an inverse head, and closed back into the range.
This is a bullish formation whereby btc made a fake up before going up.
Now , btc is doing a small weird correction before going up to 38k

This is very bullish .

This should be the macro bottom.

Hence, btc should moon from here and target 38k .

This is not a signal and do not follow but a trade idea.

Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach