I think BTC has two important key level , one is at 7900 and the other is 7400..
on 4 hour chart macd is positive but on daily chart as seen it still bearish
the trend is still bearish.
if btc hold 7900 then we may start to see reversal but the chance for it us 60/40 agaunst it .
if you enter at 8000 for long then be ready to buy up again at 7400.. in this case you buy will be the avreage of the two...around 7700.
if you plan to go short ..7400 seems to be a good target.. keep in mind that everyone go short now , so the shark probably will do the oposite?:)
on 4 hour chart macd is positive but on daily chart as seen it still bearish
the trend is still bearish.
if btc hold 7900 then we may start to see reversal but the chance for it us 60/40 agaunst it .
if you enter at 8000 for long then be ready to buy up again at 7400.. in this case you buy will be the avreage of the two...around 7700.
if you plan to go short ..7400 seems to be a good target.. keep in mind that everyone go short now , so the shark probably will do the oposite?:)