Over the last three days, the bulls are defending the $10,000-11,000 levels. Reversal Pattern has been form yesterday with confirmation. This is the good time to Buy BTCUSD if it breakouts short-term down trend and the bulls can hold the price around $11,700-11,900. I think you should allocate just about 50% of your capital for this order. Because if Bitcoin goes up then after that it will face resistance at the mid-term downtrend.
Note
Yesterday, we saw a pull back after a breakout with the old short-term downtrend. It went back to retest this old one trend and the bulls are defending @ $10.900 on H4 timeframe. It is trying to breakout the new short-term down trend. Let's wait and see
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.
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.