Yesterday I was looking for BTC to build support off of the blue dotted line and break the bear trend. This morning I was stopped out for the second trade in a row and will be sitting on the sidelines for the time being. The death cross on the 50/200 SMA does not look good. Bitmex going down could have led to an abnormal amount of liquidations. Maybe this is the dip we need before really taking off.
There is currently a nice hammer doji at support and I expect a bounce from to to retest $10,000 - $10,400. If we resist then I will turn bearish and look for a short. I will not enter another long position until we break the bear trend.
Happy trading and remember that following is free!
There is currently a nice hammer doji at support and I expect a bounce from to to retest $10,000 - $10,400. If we resist then I will turn bearish and look for a short. I will not enter another long position until we break the bear trend.
Happy trading and remember that following is free!
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