Bitcoin Outlook
The Bitcoin is currently in an upward movement that is currently correcting.
Corrections always offer chances for more favorable valuations.
A pullback to the old breakout level would be a good opportunity for a good chance to risk ratio.
The stop loss would be below $8800, because below this level it could become stormy.
I guess a lot of positions are hedged there and if such marks break, then bigger collapses are likely.
The possibilities are there but the market has to decide.
Translated with www.DeepL.com/Translator (free version)
Der Bitcoin befindet sich momentan in einer Aufwärtsbewegung die momentan korrigiert.
Korrekturen bieten immer auch Chancen für günstigere Bewertungen.
Ein Pullback an die alte Ausbruchsmarke wäre eine gute Möglichkeit für ein gutes Chance zu Risikoverhältnis.
Der Stop Loss wäre dabei unter der 8800$ anzubringen, denn unter dieser Marke könnte es stürmisch werden.
Ich schätze mal viele Positionen sind dort abgesichert und wenn solche Marken brechen, dann sind größere Einbrüche wahrscheinlich.
Die Möglichkeiten sind da aber entscheiden muss es der Markt.
Posted Using LeoFinance
Good TA insights there Herr. What is your opinion of the S&P500 making still more all time highs? Are you expecting another pullback to the downside? And also gold? Bitcoin could be correlated to both of them at present.
hi I always count on pullbacks, because they offer me better entrances. Everything that rises strongly can also fall strongly. I will also analyze your values again but at the moment I have a lot of work to do.
That's fine sir, all good. I will look out for your coming posts.
Best wishes
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