I am left rather confused about this pair in regards to direction. I would like to think the massive sell-off stopped out the majority of support buying but there is always a possibility that price may come down again to tackle the previous low marked.
I am more bearish bias than long but I have marked out both targets for those who are interested.
Definitely scratching my head in this consolidation also. I partly think we are seeing some co-ordinated price manipulation right now and a lot of FUD regarding double payments and Tether.
AlkalineFX
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@gwfarrow96, Couldn't agree with you more, I can sense a big manipulation round the corner!
EasyCharts
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Is a nightmare to trade this chop. Hoping it sorts itself out for a strong move back up
AlkalineFX
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@EasyCharts, Tell me about it! Fingers crossed it sorts itself out
Gucciwitdatdraco
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Same 🤔😫
I keep seeing that it will retest the support, hopefully it does and bounce from it, gradually building up again to 40k. dont know
AlkalineFX
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@jesus7bishun, Great idea! let's see how it goes
Muizz_7
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Now seeing how yesterday played out I agree how I see it is if it breaks above 35k it could potentially keep rising however I believe it wont I think we are in for another big drop and theirs definitely price manipulation, this may be one of the biggest bear traps we are witnessing on Bitcoin, its strange how it refused to break out or gain momentum in the upwards direction as well, surely the wave should of continued down if not at least gained momentum upwards.