Bitcoin Reversal Set-up is In Play

BINANCE:BTCUSDT   Bitcoin / TetherUS
After the week long sell-off we are due for a daily bounce sooner rather than later. This is a great set-up for a bounce play with a probability of continuation if the daily bounce follows through. Even if we do eventually end up going a bit lower for on the daily, the chance of a hourly bounce at current level is extremely favorable given that we just bounce off the 4 hour 200-MA, a strong support level in the medium term.


That is a interesting formation especially when demand increases.
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