Looking to add to a BTC long here
Sharp drop from 6450 to 6300 Wicked off the diagonal support line. In a bear trend i certainly wont be looking to long off of diagonal support
however i'm of the belief that we are in a sideways range leaning towards the bullish side. Higher highs, higher lows (locally) the volume is lacking however which can be cause for concern but relative to the recent months we have seen huge volume spikes when volatility is present so it goes to show there is plenty of money waiting to get in a trade the asset.
Will wait to see how the daily candle closes in about an hour and look at opening a long from here. as always use a stop loss and protect that capital.
Sharp drop from 6450 to 6300 Wicked off the diagonal support line. In a bear trend i certainly wont be looking to long off of diagonal support
however i'm of the belief that we are in a sideways range leaning towards the bullish side. Higher highs, higher lows (locally) the volume is lacking however which can be cause for concern but relative to the recent months we have seen huge volume spikes when volatility is present so it goes to show there is plenty of money waiting to get in a trade the asset.
Will wait to see how the daily candle closes in about an hour and look at opening a long from here. as always use a stop loss and protect that capital.