Brutal Dump on Bitcoin, Weekly Candle Need to Close Above 55-MA!
Hi guys!
This is great morning (i am living in Indonesia btw so this is 8 am) for a big move!
Great if you always set your stop loss before you sleep hahaha.
Luckily my btc and another alt only loss about 1% since i put the stop nearly bottom line of the channel.
As i told last week, we have semi support on 55-MA weekly timeframe.
This support located at 7305 USD (i will add the pict later).
Another support still located at 6,9-7k.
But, i don't see that 6,9-7k support will hold "IF" the weekly candle close below the 7305, and maybe we will straight to the 6,5k support.
So, i hope this weekly candle still close above 7305.
I don't really have strategy for btc right now because there is no pattern forms except bearflag.
My only strategy is wait this weekly candle to close before buying again.
I don't want to catch the knife!
Be safe guys!
This is great morning (i am living in Indonesia btw so this is 8 am) for a big move!
Great if you always set your stop loss before you sleep hahaha.
Luckily my btc and another alt only loss about 1% since i put the stop nearly bottom line of the channel.
As i told last week, we have semi support on 55-MA weekly timeframe.
This support located at 7305 USD (i will add the pict later).
Another support still located at 6,9-7k.
But, i don't see that 6,9-7k support will hold "IF" the weekly candle close below the 7305, and maybe we will straight to the 6,5k support.
So, i hope this weekly candle still close above 7305.
I don't really have strategy for btc right now because there is no pattern forms except bearflag.
My only strategy is wait this weekly candle to close before buying again.
I don't want to catch the knife!
Be safe guys!
Comment:
55-MA on weekly
Comment:
As i said above
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we will straight to 6,5k
:)
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we will straight to 6,5k
:)