BITCOIN: A REJECTION OR BREAK THROUGH?
Updated
Hey guys, Dexter here. BTC is making some interesting move here so be watchful.
Timeframe: 3 hours.
Update: BTC is once again hitting the resistance level and breaking down. The RSI is also falling downward from the overbought area. I have exited all my long positions and going short on BTC. I will exit my short with few losses if BTC closes above the resistance level. That's my strategy for now.
Trade safely.
Timeframe: 3 hours.
Update: BTC is once again hitting the resistance level and breaking down. The RSI is also falling downward from the overbought area. I have exited all my long positions and going short on BTC. I will exit my short with few losses if BTC closes above the resistance level. That's my strategy for now.
Trade safely.
Trade active
Spot on update once again!
BTC surely got rejected from the resistance level for the second time. Currently, the 21 MA is holding the price to drop further down. If BTC fails to hold this level then a drop towards the 18.8k is expected.
I have booked good profits already, left 50% for further drop down.
Happy trading.
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