BTC ATM
Updated
Happy halving!
At the moment there is not enough volume to push up and stay above the resistance level (recently support) 8850.
The MA200 worked well as a resistance level yesterday (2 time touch)
I would right now just advice people going long wait for a good entry. Right now, is not a good entry imo. Short scalpers should keep extra focus right now. under 8400 i would consider to stay in it at all... I think we an see a retest at 9000, and if we break above the 9250 i think we have some potential bull incoming. (Stabilize above)
For now, if it breaks down, be prepared for 7xxx areas
Let's see if we get some big guys puming things. if so (pump n dump might be the case)
Dont forget to put a stop loss guys. At the moment it's just straight forward way to instabile.
At the moment there is not enough volume to push up and stay above the resistance level (recently support) 8850.
The MA200 worked well as a resistance level yesterday (2 time touch)
I would right now just advice people going long wait for a good entry. Right now, is not a good entry imo. Short scalpers should keep extra focus right now. under 8400 i would consider to stay in it at all... I think we an see a retest at 9000, and if we break above the 9250 i think we have some potential bull incoming. (Stabilize above)
For now, if it breaks down, be prepared for 7xxx areas
Let's see if we get some big guys puming things. if so (pump n dump might be the case)
Dont forget to put a stop loss guys. At the moment it's just straight forward way to instabile.
Trade active
Just some basic S/R and trending. Take note.
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