Did BTC/USD begin a new trend? Or we are at a greater risk-zone?
Not intended to be a piece of financial advice.
BTC positive reversal is likely to establish a new trend. It will be great to see it closing at about 32300 on Tuesday. The pair at a weekly close above 28700 is already a welcoming note.
Some swings may occur as some brutal hands might take some profits home against a 25ish bottom purchase made a week ago. If the profit-taking is significant, the indicator should flash Purple Arrow (Exit). I’ll be checking 15m swing to 1hr timeline, and then review 4hr and 8hr respectively.
BTC positive reversal is likely to establish a new trend. It will be great to see it closing at about 32300 on Tuesday. The pair at a weekly close above 28700 is already a welcoming note.
Some swings may occur as some brutal hands might take some profits home against a 25ish bottom purchase made a week ago. If the profit-taking is significant, the indicator should flash Purple Arrow (Exit). I’ll be checking 15m swing to 1hr timeline, and then review 4hr and 8hr respectively.
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