BITCOIN
Every cryptocurrency has took a major beating last weak.This major drop is due to many reasons such as fear and uncertainity of the ukraine war and major selling of stocks and assets by big investors.Now this also affected bitcoin and dropped to 25000 and this weak it seems bitcoin has stabilized and starting to recover.
Now many consider this as a golden opportunity for investment.Now coming to bitcoin chart it already gave signs of recovery by making a Inverted Head and Shoulder pattern at around 24000 and 29000 mark.Now the Head and Shoulder pattern has broken the neckline and gave a retest and is making its move up.
If you are long term investor this is the best time to get involved and if you are to trade we can expect to get nice moves to the upside by looking lower time frames for corrections or pullbacks. Hope this helps you and thanks for checking out my post and see you in a bit.
Disclaimer: Only for educational purpose and not a financial advice.
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