BTC TA MARCH 6 2022
BTC went down to 38K and has held support for now, if we break above 39K it will probably retest 40-40,5K. MACD still looking bearish and my overall opinion on the market is still Bearish. If you want to trade this movement wait to see if price breaks above 39,2K. If price breaks above 39,2K wait for 40,5K to go short with tight stoploss. If price gets rejected at 39K you can go short with stoploss above resistance.
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.