JICPT|BTC hit with bearish structure with holders below!
Hello BTC traders. It's been days since I posted my view of BTC. After bouncing from around 30K by 71%, BTC hit with a strong bearish structure(flip, drop-base-drop supply zone).
Price tested the uptrend line with more holders below, e.g. MA, 50% fib, flip.
So, uptrend may serve as a firm holder to push the price higher for the 2nd try of the bearish structure. If the uptrend line fails, the below yellow zone marked will be considered as a 'ground floor' for the bullish buyers.
In one word, it's simply buy the dip. What do you think?
Give me a like if you're with me.
Price tested the uptrend line with more holders below, e.g. MA, 50% fib, flip.
So, uptrend may serve as a firm holder to push the price higher for the 2nd try of the bearish structure. If the uptrend line fails, the below yellow zone marked will be considered as a 'ground floor' for the bullish buyers.
In one word, it's simply buy the dip. What do you think?
Give me a like if you're with me.
Comment:
The uptrend line and short-term MA held the price very well. It's been up by 3% today.
plan your trade and trade your plan
