BITCOIN: MUST BOUNCE.
Hey guys, a quick update on BTC.
Timeframe: 3 hours.
Preview: In my previous update, I clearly mentioned this drop and if you have followed it, you must have made good profits by now.
Update: There's a lot going on in the market right now and to be honest this drop isn't good for the bulls. Here's the catch though, we have slight support in the 19.4k range. If BTC manages to hold this support then we can expect a bounce in the market and if it fails to do so, 19k is the level I am expecting.
The RSI on the other hand is making a hidden bullish divergence in the 3 hours timeframe. Things are looking pretty interesting right now.
Well, that's it for now. I have booked some good profits on my BTC and ETH short positions. I am still holding 25% of my positions for further breakdown. If there's any confirmation for a bounce back, I will go long.
What do you think about the recent dump? Do you think it will continue or do even you expect a bounce back? Share your views in the comments.
Thank you so much for your support. God bless and trade safely.
Timeframe: 3 hours.
Preview: In my previous update, I clearly mentioned this drop and if you have followed it, you must have made good profits by now.
Update: There's a lot going on in the market right now and to be honest this drop isn't good for the bulls. Here's the catch though, we have slight support in the 19.4k range. If BTC manages to hold this support then we can expect a bounce in the market and if it fails to do so, 19k is the level I am expecting.
The RSI on the other hand is making a hidden bullish divergence in the 3 hours timeframe. Things are looking pretty interesting right now.
Well, that's it for now. I have booked some good profits on my BTC and ETH short positions. I am still holding 25% of my positions for further breakdown. If there's any confirmation for a bounce back, I will go long.
What do you think about the recent dump? Do you think it will continue or do even you expect a bounce back? Share your views in the comments.
Thank you so much for your support. God bless and trade safely.
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