Bitcoin (BTC) - 200 MA could be a trap and more sell-off
In my previous video analysis, I mentioned that there might be another sell-off.
Shortly, price broke down and is now sitting at the 200-day moving average.
If price can't hold at 200MA, there would be more sell-off. Simply because there will be a lot of traders who longed at the bullish hammer candle reversal pattern which coincide with the MA support. And they will be trapped.
For more trade ideas and analysis, click here:
patreon.com/drwealth
Shortly, price broke down and is now sitting at the 200-day moving average.
If price can't hold at 200MA, there would be more sell-off. Simply because there will be a lot of traders who longed at the bullish hammer candle reversal pattern which coincide with the MA support. And they will be trapped.
For more trade ideas and analysis, click here:
patreon.com/drwealth
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