Same old patterns. I think 7k will be the next hard test tight stop below spring off the trend
short term divergence & resistance short at next failure of $6900 stop at $6950 exit at $6700
Evening Traders. Looking at Bitcoin I think we can expect sideways action between the long & mid term trends. Mid April should take us to the point where Bitcoin will really need to decide its next direction. I would be looking to slowly add positions at the test of the long term trend.
If you are looking for a Bitcoin buy area, the daily is a good place to start? Will be oversold, bouncing of the longer term up trend to test the medium term downtrend again. Wait for a solid support & reversal pattern at this price.
Hello Traders, Just sharing my conservative buy zones base on the longer term monthly trends.