BTC Short Term Update - Take Profits Now?
We broke the 8500-9000 channel and continued to 9500. Seeing what appears to be strong resistance across all major coins right now, some sell walls and some alts are failing to perform this hour. We also see high RSI and while there is no confirmed sign of a bounce off 9500 it could be a good time to take profits. If you never take profits, you will just ride the trend back to breakeven. So we want to be proactive.
Reentry points are 9000 and in the vicinity of 8500 if it goes that low.
Reentry points are 9000 and in the vicinity of 8500 if it goes that low.
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