BITCOIN: Small relief before the DUMP or bounce off support?
BTCUSDT is now at support, we are also still in a downtrend and volume has also steadily fallen.
We are probably going to range for a few more hours before any other serious move.
It could potentially be another build up against support before we push down to the lower part of the range.
But could also be a consolidation...
Right now, we just need to be cautious in either direction.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
We are probably going to range for a few more hours before any other serious move.
It could potentially be another build up against support before we push down to the lower part of the range.
But could also be a consolidation...
Right now, we just need to be cautious in either direction.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.