As i mentioned in my previous analysis, price bounced from the 18700 zone. First major resistance now is 21700 and I dont think btc will clear it in one go. It may clear it on retest or completely fail and fall back to 17000.
A lot of people have suddenly turned bullish but I don't think there's any significant movement. Price movement is still sideways on the daily timeframe, price is still below 50 ema. Unless the price closes above 50 ema and breaks the trendline I am not interested in buying btc because there's no bullish or bearish confirmation at the moment.
Those who want to fomo can enter now, those who want to wait for confirmation and avoid losses can do accordingly. Always remember that the idea is to earn money and it comes from patience.
A lot of people have suddenly turned bullish but I don't think there's any significant movement. Price movement is still sideways on the daily timeframe, price is still below 50 ema. Unless the price closes above 50 ema and breaks the trendline I am not interested in buying btc because there's no bullish or bearish confirmation at the moment.
Those who want to fomo can enter now, those who want to wait for confirmation and avoid losses can do accordingly. Always remember that the idea is to earn money and it comes from patience.
