BTC in dangerous Spot UPDATE
Updated
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DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
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Please see text on chart for some explanation
For Higher TF Reference
-For Higher TF it is bullish, Im waiting for the montly close and weekly close, this is a possible bounce setup if it closes nicely, though im waiting for the reaction of BTC when we hit the weekly 20MA, as of now we can see an early reaction not even touching it yet
-As for the monthly we are temporarily seeing a nice bounce and its goin up back above ema 9
For Alts:
Rising wedge forming is still valid possible good news for alts
Update From
DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
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Please see text on chart for some explanation
For Higher TF Reference
-For Higher TF it is bullish, Im waiting for the montly close and weekly close, this is a possible bounce setup if it closes nicely, though im waiting for the reaction of BTC when we hit the weekly 20MA, as of now we can see an early reaction not even touching it yet
-As for the monthly we are temporarily seeing a nice bounce and its goin up back above ema 9
For Alts:
Rising wedge forming is still valid possible good news for alts
Update From
Note
In SummaryI am slightly bullish if we can maintain the significant levels
I dont want it to go below 28k as we have 100++ worth of trading around the 28-42k level range so if we go below 28k it might be a possible wave 3 continuation and possible retest area of 30-34 before going down to 20 or below
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