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Short squeeze to $48,000 - $49,000 (retest broken uptrend) BTCHello all, We've seen a lot of sell pressure over the past 24 hours, but now we need to retest the broken uptrend to either flip it back into support or confirm resistance / supply zone. $48,000 - $49,000 depending on when the pump / short squeeze / relief rally happens. Never put all your eggs in one basket (direction) the market is always one step ahead and you need to be also. (the market is psychological, don't get trapped) (this is not financial advice, just my journal)
COINBASE:BTCUSDLong
by YurloTrades
3
CELR double bottomPossible double bottom, a resistance level is a confirmation, RSI and SRSI relatively high, so it's POSSIBLE that we could soon see some kind of relief for indicators cool off in form of consolidation, pullback, or even retest of previous resistance level (red line). That relief could also come in form of retesting resistance level (yellow line) after the breakout, which would be ideal for long trade entry. Short scalp trade could be opened if we get a rejection from breakout level, or if we lose the support that is at 0,9468. Good luck traders
by PhilosophersStone
BTC - Relief rallyAs the sentiment in the crypto space is becoming more bearish, a relief rally will liquidate many holders. Compared to the 17 cycle we could expect a instant bounce back to the upside and continuation in the bull market till the top. In 13 however, it took 6 months before we saw any breaking of previous highs. I expect something in the middle will happen in this cycle. I don't think the price will bounce as it did in the 2017 cycle but I also don't think we will trade sideway for 6 months. Rather i suspect June/July will be accumulation phases before we start running up again. I expect to break new highs before summer ends and a continuation from there to our market top somewhere in November. Let me know what your thoughts are in the comments below.
BITSTAMP:BTCUSD
by m44kka
1