Bitcoin – more pump, but dump is imminent!

19.07.2022 9:48 pm

Hello, everyone!

Yesterday I told you that anticipate another one leg up to make all traders sure that the bull market started. I do think that the bear market 100% is not over yet, but we will see more pump next couple of days.

Look at the BTCUSDT chart of the WhiteBit exchange. The price formed the very strong bullish formation, if the price close daily candle above the $23k we will receive the long signal. The confirmed triple bottom is about to be finally formed. Moreover the red line at $22500 was also broken. This is the downtrend break up on the 1D timeframe. It means that the Bitcoin globally finished it’s downtrend and started sideways. As a result if we will see any dumps it can be the nice opportunity to buy it. The global accumulation did start at in the range $16k-$26k in my opinion.

What is the nearest target? Here is the high probability for BTC to reach 0.61 Fibonacci at $26k before the new dump. As a result I am still holding my 20% of depo long position.

Good luck!

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