BTC Short-term Update and key support levels6
Hey Traders,
I'll get straight to the point. I feel like from the chart BTC is going down for short-term.
As we can see on an hourly chart, we seems to be heading down and so does RSI.
The support levels are the key here. If we are not able to hold the first support of $6525, we're going down to the next support and so on.
Even if we manage to bounce off of the $6525 support level, BTC has to break the resistance on top, otherwise we're coming back down until we have enough buyers. So far the support of $6525 is holding pretty good. We can see that BTC tried to break that a lot of times in the past 24 hours.
Let me know what you think. Again this is just a short term opinion. I'll soon give my thoughts on BTC for long-term.
Trade carefully.
Happy Trading!
I'll get straight to the point. I feel like from the chart BTC is going down for short-term.
As we can see on an hourly chart, we seems to be heading down and so does RSI.
The support levels are the key here. If we are not able to hold the first support of $6525, we're going down to the next support and so on.
Even if we manage to bounce off of the $6525 support level, BTC has to break the resistance on top, otherwise we're coming back down until we have enough buyers. So far the support of $6525 is holding pretty good. We can see that BTC tried to break that a lot of times in the past 24 hours.
Let me know what you think. Again this is just a short term opinion. I'll soon give my thoughts on BTC for long-term.
Trade carefully.
Happy Trading!
Comment:
Right now MA 50 is playing as a good. support. Let's see if it can break it downwards.