BTC Urgent Update : BTC followed our previous scenario perfectly again. It bounced from the 17.5k support and reached our 18.5k+ retest level. What do I expect from here? I think we will hold the 17.5k level for now. The 200D MA is around 17.7k which is a good thing. We can test this major psychological Price level and bounce back above 18k. Invalidation of this scenario would be a daily close below 17.5k.
In the mean time I can see some good buying opportunity in altcoins. I will post some charts now and follow up the current ongoing trade setups. Stay tuned.
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#PEACE
Note
Touched the 200D MA on 4 hour chart bounced right back. It needs to hold this level.
Note
Bounced back right back up as per my previous chart. BTC looks bullish isn’t it? But we will wait for the weekly close: The daily close above 18570 would be bullish. I don’t really count on weekend candles for strong confirmations. Weekly close will be important. In the mean time I am buying the Altcoin dips and averaging down my entry. Do not trust the weekend pumps and dumps. Less volume makes it easier to manipulate for the whales. Just my opinion though.
Relax and enjoy the weekend. Let BTC do it’s thing!
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