Update: Bitcoin new supports after the big dip
As I mentioned in my last idea, BTC was not able to break through the ascending triangle. It tried to break that a lot of times, but looked weak. As a result, we see this dip to the downward direction.
I still think we are bearish and that BTC might continue to drop for the new few days. This consolidation is necessary for it to go new highs right before/after the halving in my opinion. But I'll be monitoring it closely and will update you guys.
I've added the support levels on the 4H chart for the reference.
Previous BTC Idea:
Let me know what you think.
Let's all make some moola together.
Happy trading!
Like and Follow and see below.
I still think we are bearish and that BTC might continue to drop for the new few days. This consolidation is necessary for it to go new highs right before/after the halving in my opinion. But I'll be monitoring it closely and will update you guys.
I've added the support levels on the 4H chart for the reference.
Previous BTC Idea:
Let me know what you think.
Let's all make some moola together.
Happy trading!
Like and Follow and see below.
Comment:
BTC touched out first lower support. Still looks weak. I'm hoping it'll touch 5807 support as well. Lets see.