#BTC UPDATE.
#There is nothing new about btc move ,btc is still facing the red box area resistance and not been able to close above the red box resistance area.With addition of the BB indicating some sharp move ahead in either direction,the direction would clear on the breakout but you need to prepare for both sides move.I would suggest not to trade in the green...
Bitcoin
Intraday - We look to Buy at 26200 (stop at 24328)
With signals for sentiment at oversold extremes, the dip could not be extended. We look to buy dips. 4 50week EMA is at 26000. Bespoke support is located at 26000. Trades within a broadening formation.
Our profit targets will be 31250 and 32000
Resistance: 29000 / 30000 / 31000
Support: 28000 /...
We expect BTC to reach the reload zone OR retest the previous V-bottom.
Bitcoin has done a counter trend rally so institutionnals can short . We can ecpect it to go to the reload zone (green zone) and we'll see what happen next.
DO NOT SHORT AT THE MOMENT, THIS IS A NO TRADE ZONE FOR ME.
