As we predicted BTC has been moving south. Good side is we have been able to catch some bonces indicated in the comments of previous posts. So do we have an other bounce coming up?
If we look at the volume we have seen a huge spike around 9.4k-.9.6k levels yet we have continued to drop. However the drop has slowed down respectively. Due to this I believe we might see a bounce all the way up to 10.5k levels to 200 ema on 4hr. So we could start making positions within the buy zone in green.
As always, just a thought not an advice.
Previous analysis:
If we look at the volume we have seen a huge spike around 9.4k-.9.6k levels yet we have continued to drop. However the drop has slowed down respectively. Due to this I believe we might see a bounce all the way up to 10.5k levels to 200 ema on 4hr. So we could start making positions within the buy zone in green.
As always, just a thought not an advice.
Previous analysis:
Comment:
A big buy volume just came tho this is a good sign for us reaching our target I believe its a good time for us to start taking profits based on our entry point. Keep calm and stay safe. =)
Trade closed: target reached:
Believe we have reached our target and we might start seeing a puling back shortly. Lets see how it plays out. I will try to post my thoughts on a chart by tomorrow. Till then, stay safe. ;)