Bitcoin has been rejected by 200 DMA for now. But do not panic!
As expected 200 DMA plays it role perfect. It's unusual for price of any asset to break heavy resistances at first attempt.
Classical charting says we can see retest of the breakout level what is 100% normal.
But this is definitely not good short opportunity until we are above 7400! This is more buy the dip environment for me right now!
Levels to watch now: 8100, 7400
Take care!
-DP-
Classical charting says we can see retest of the breakout level what is 100% normal.
But this is definitely not good short opportunity until we are above 7400! This is more buy the dip environment for me right now!
Levels to watch now: 8100, 7400
Take care!
-DP-
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