doolieuber

#BTC / USD Decision Time!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
#BTC / USD 1 HR

With sentiment being divided, it is best to react to price movement rather than trying to predict. A bilateral formation is being painted on the charts. Hidden bear divergence is dropping off which means we may see a true breakout if we break upwards. However, the bull divergence is also dropping off which keeps me in a neutral position. Bull target is 8350, a bear target is 7500 zone.

Also of note, futures contracts will be expiring soon which might play a key factor in market sentiment as we continue to move sideways.
Mar 28
Trade active: Collecting longs along the trendline with tight stops. Average entry ~ 7760
Decision already made. 3.5k is the bottom.
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doolieuber samiswilf
@samiswilf, I'm betting on 5k being the absolute lowest, but i agree that the decision down was made as soon as that support broke
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