#BTC Drop might not be over. #bitcoin #cryptocurrency
As of classical TA, a potential triangle indicating a further drop, could be forming. What it's says is basically that the previous drop is repeating.
What's interesting:
1) Key levels (around 6.2k - 5.8k)
2) NVT still indicating that #BTC has not bottomed out. (related strategy)
3) #BTC might even take a quick bull move to around 9.5k and not even break out of a bull flag.
Suggested strategies as follows:
- as you should do every month: buy. (long term)
- set your longs/shorts above/below the triangle but wait for a confirming signal. (short term)
- increasing long positions in the green rectangle.
My Short (related strategy) from around 10.3k is still active - I did reevaluate my SL.
What's interesting:
1) Key levels (around 6.2k - 5.8k)
2) NVT still indicating that #BTC has not bottomed out. (related strategy)
3) #BTC might even take a quick bull move to around 9.5k and not even break out of a bull flag.
Suggested strategies as follows:
- as you should do every month: buy. (long term)
- set your longs/shorts above/below the triangle but wait for a confirming signal. (short term)
- increasing long positions in the green rectangle.
My Short (related strategy) from around 10.3k is still active - I did reevaluate my SL.
Comment:
Keep a close look at the 200MA
