Hey guys let me share with you my analysis which we shared with our clients a week ago.
This will tell you where we can see BTC bounce back !!
So let's jump right into it!
When we're at $9900 level almost 80% of traders were bullish, I have also lots of paid services and even they're also bullish and predicting towards 11k, but I did not.
Obviously paid services creates more fomos than any other resources, coz mostly paid service providers ignores the simplest facts.Making analysis more n more complicated let's you ignore the common sense of analysis.
When everyone was bullish am completely out of trading and waiting patiently to hit the opportunity.
Check my previous analysis.
Now talking about the charts as you can see that Bitcoin is likely making a double bottom or a W pattern, which is a very common pattern.
Now personally i don't think that this could be happen coz we've already tested the 6500 level twice, but anything is possible.Now one thing keep in your mind that market don't goes up or down in a straight line, all this process goes through corrections and recoveries, Bitcoin is not so different from this theory.
I've noticed this pattern and hopefully it will repeat this time and we will see a bounce from 7000-7250 $ !!
We're still in a stability phase so don't be afraid with dips.
Also, normal people HODL.
Whales sell the top buy the bottom.
Thanks for reading !!
