Bitcoin – insane long can be very soon, but…

Hello, everyone!

Last time I predicted the dump to buy zone or strong buy zone. We saw the first bullish reaction from the first one. Insane long signal could be very soon, but I think that first of all the price should reach the strong buy zone.

Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. When the price broke the trendline which is relevant but not valid it successfully retested this broken trendline. It means that the price will probably fall below the previous low which formed this trendline. After today’s FOMC meeting we can see the price dump, I think it could be the catalyst of our final decrease before flashing the insane long signal. If the price will cross the previous low ($17500) price level we have to be extremely attentive to catch the moment for the insane long setup. Let’s wait and see!

Best regards, Ivan

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