I beleive that the bearish momentum has now been exhausted, and a bullish reversal is likely because the macro level analysis of STRAT BTC shows a clear parabolic, bullish move, followed by a consolidation trend, down to the 0.0002 satoshi level. The 0.0002 satoshi level would be my ideal entry point, however on the smaller time resolutions there are also some local support zones which could be used. A close below 0.0002 satoshis could also indicate that the bearish trend is not yet over, i would be very cautious entering a long below that zone.
Not an expert, not financial advice.
Biffy
Not an expert, not financial advice.
Biffy
Comment:
price action on the local chart
