Hey guys, a quick update on BTC.
Timeframe: 3 hours.
Preview: In my previous update, I clearly mentioned this drop and if you have followed it, you must have made good profits by now.
Update: There's a lot going on in the market right now and to be honest this drop isn't good for the bulls. Here's the catch though, we have slight support in the $19.4k range. If BTC manages to hold this support then we can expect a bounce in the market and if it fails to do so, $19k is the level I am expecting.
The RSI on the other hand is making a hidden bullish divergence in the 3 hours timeframe. Things are looking pretty interesting right now.
Well, that's it for now. I have booked some good profits on my BTC and ETH short positions. I am still holding 25% of my positions for further breakdown. If there's any confirmation for a bounce back, I will go long.
What do you think about the recent dump? Do you think it will continue or do even you expect a bounce back? Share your views in the comments.
Thank you so much for your support. God bless and trade safely.
Timeframe: 3 hours.
Preview: In my previous update, I clearly mentioned this drop and if you have followed it, you must have made good profits by now.
Update: There's a lot going on in the market right now and to be honest this drop isn't good for the bulls. Here's the catch though, we have slight support in the $19.4k range. If BTC manages to hold this support then we can expect a bounce in the market and if it fails to do so, $19k is the level I am expecting.
The RSI on the other hand is making a hidden bullish divergence in the 3 hours timeframe. Things are looking pretty interesting right now.
Well, that's it for now. I have booked some good profits on my BTC and ETH short positions. I am still holding 25% of my positions for further breakdown. If there's any confirmation for a bounce back, I will go long.
What do you think about the recent dump? Do you think it will continue or do even you expect a bounce back? Share your views in the comments.
Thank you so much for your support. God bless and trade safely.
