BTC Weekly not showing us any sign of a reversal just yet, the Blue wave momentum indicator hasn't printed a buy signal just yet and is almost hit the oversold area.
This bullish support is the last line of defense for the bullrun IMO.
That is the worst case scenario for BTC to come and retest before a reversal. Otherwise we have to accept the fact we are in a bear market and look to start setting up shorts in the market.
And if we do come this low I will be looking to buy large position of BTC with a SL around 27k.
The VPVR is showing a massive support where we are, but as the Market Makers are in control they love to dip outside the support and liquidate longs. So I am not going to be surprised by a 29k BTC wick down.
Not Financial Advice. Crypto is extremely risky right now. DYOR.
Use Risk Management please guys.
This bullish support is the last line of defense for the bullrun IMO.
That is the worst case scenario for BTC to come and retest before a reversal. Otherwise we have to accept the fact we are in a bear market and look to start setting up shorts in the market.
And if we do come this low I will be looking to buy large position of BTC with a SL around 27k.
The VPVR is showing a massive support where we are, but as the Market Makers are in control they love to dip outside the support and liquidate longs. So I am not going to be surprised by a 29k BTC wick down.
Not Financial Advice. Crypto is extremely risky right now. DYOR.
Use Risk Management please guys.