"Trade what you see not what you think" is one of my most favorite quotes even though I don' know the origin, The current market in its state is not a clear one just yet. My last analysis call for 40k is still in play, though I see some chance rising for The bull to attempt breaking the Current resistance of 60k but what are the chances of loosing money if you buy...
In my previous post I talked about the most likely region for bounce on BTC was 6200-400 and we got one here with a nice volume as well.
With being oversold from 1H to daily chart, I expect some sort of a dead cat bounce to around 6900-7k at the most. I doubt it will get higher than that before dumping back down again.
Using a tight stop and being cautious that...