The actual sentiment seems to be bearish. As you can see on my past analysys I gave 2 scenarios: 
The bullish scenario is still possible because btc hasn't broken the last important level. As you can see i said that 9600-9700 is the last level to see a bounce. If btc will break this level, i think that will reach 9000 quite quickly.
But let's see what we have here. In h1 chart i see some bullish divergences. We bounced from level 0.705 of Fibonacci and i think it's possible to play this long.
Bears look weak here.... The sell pressure seems going down, but I don't see enough strenght from the bulls, so this long is a risky trade.
I opened a long at 9720 with two targets: the first one is at 10400 area, the second one is at 10800 area.
My stop loss is at 9550 now. If btc will break 9550, probably i will open a short.
This is only my idea and is a risky trade. It isn't a financial advice. Study, learn and ask!
The bullish scenario is still possible because btc hasn't broken the last important level. As you can see i said that 9600-9700 is the last level to see a bounce. If btc will break this level, i think that will reach 9000 quite quickly.
But let's see what we have here. In h1 chart i see some bullish divergences. We bounced from level 0.705 of Fibonacci and i think it's possible to play this long.
Bears look weak here.... The sell pressure seems going down, but I don't see enough strenght from the bulls, so this long is a risky trade.
I opened a long at 9720 with two targets: the first one is at 10400 area, the second one is at 10800 area.
My stop loss is at 9550 now. If btc will break 9550, probably i will open a short.
This is only my idea and is a risky trade. It isn't a financial advice. Study, learn and ask!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.