12th July 2021
BTC/USDT – Technical Analysis
BTC/USDT – Currently BTC bounced off its fibo retracement (10,374.00 – 64,879.20) and will play its range between 61.8% (31,194.11) – 50% (37,626.60). If you’re a long term player, aim your entries between 29,000 – 33,000, hodl and enjoy the ride. A clear sign that BTC is turning bullish is after it breaks, close and holds above 38.2% (44,058.21). Although there isn’t much fundamentals that’s driving prices down, but most of the financial institutions are buying in and they’re driving lost of fake news like a bunch of neighbourhood aunties trolling on a 16 year old neighbour who got pregnant, socially discriminating and alinenating her because they just got nothing better to do. Therefore, we shouldn’t take this bounce for granted and if prices drop below 29,000. It might just head towards 78.6% (22,038.11).
Today, I expect BTC to range between 32,500 to 37,500. Do expect prices do bounce off 35,000 before heading towards 37,500. I’ve set buys from 32,500 to 37,500 for some short-term profit. Market will be a little boring before it heads into August where all the magic will happen.
Always remember, there is no such thing as luck. LUCK = Leverage Under Correct Knowledge. So, please like, and share this post so that everyone could benefit from it.
Do let me know what other currencies you’d like me to look into
Ben Yeo
Flipflop Crypto
