Bitcoin is pullback on the broken support line of the uptrend channel, which, if approved, will initially have a price correction of up to $ 42,000. Then the market must be re-examined. This is just a personal opinion and everyone should be responsible for their own transactions.
Hi, I´m a newbie to technical analysis. How can you be long, if you expect it to go to 42,000 and the you need to re-examine it?
Maybe your re-examination would be "It´s going to 39". So, how are you long, if you just expect it to going down, and then you still haven´t formed a theory?
Thank you, and sorry if people don´t usually ask questions here.
Based on previous behaviors, Bitcoin is now where it was in 2017, and if it behaves according to that model, it could go down to about $ 37,000 or $ 40,000 and then continue to climb to the top of the channel. You can see it in the following link.
Maybe your re-examination would be "It´s going to 39". So, how are you long, if you just expect it to going down, and then you still haven´t formed a theory?
Thank you, and sorry if people don´t usually ask questions here.