Technical Report for short term Bitcoin (BTC)
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For short term Bitcoin, the general outlook is Bearish. This is because the current price is $3,890 that below 50-days Exponential Moving Averages (EMA). In addition, stochactic shows overbought hence support its bearishness.
However, notice that there is a formation of potential bottom Head & Shoulder (HnS) that...
After a massive bull move pushing this pair up over 300 pips, we are finally getting a good retracement and potentially a place to get long. Price has retraced down into structure, the RSI has gone extremely over sold, and we also have the 78.6% Fibonacci level at the current price as well. If you are an aggressive trader then you could hop on right now and still...
