BTCUSD : near historic support. 10k most probable target
Hi guys,
Overall, I expect mostly lateral move on the very short term. I dont exclude a re-test near daily MA100 at 8250 which correlate with the historic support rebound zone. The daily is still in an early position to call a short term bounce. It can takes a a week or so to confirm an imminent crossoer.
i suggest you follow the weekly MACD too. first signs of weakness. Do not extrapolate to much on the weekly, just follow, it is too much macro to extrapolate a crossover.
I entered at 8.4 so i dont bother holding if price dip at 8.1k to test the support because overall my logic is I suppose it will hold like many times in the past.
Overall, I expect mostly lateral move on the very short term. I dont exclude a re-test near daily MA100 at 8250 which correlate with the historic support rebound zone. The daily is still in an early position to call a short term bounce. It can takes a a week or so to confirm an imminent crossoer.
i suggest you follow the weekly MACD too. first signs of weakness. Do not extrapolate to much on the weekly, just follow, it is too much macro to extrapolate a crossover.
I entered at 8.4 so i dont bother holding if price dip at 8.1k to test the support because overall my logic is I suppose it will hold like many times in the past.
Trade active:
Little dip. Expected on the 4h chart. Target remain the same. 1D MACD is in good position for an imminent bullosh crossover