BITCOIN: SIDEWAYS.
Hello everyone, I hope you all are doing great. I am back again with an update on BTC in 4 hours timeframe.
Update: After a series of pump and dump, BTC somehow manages to calm down. In a shorter timeframe, it is moving sideways ranging between 18.4k to 20.3k. It's been a couple of weeks and all we can see is a bounce back and rejection in between the two trendlines. The recent move in BTC seems to be bearish and it is quite possible that we may see BTC back to the 18k range and then a bounce back. In order to show some magic move, BTC must break through the 20k barrier.
Note: If BTC happens to break down further then going long on BTC (after confirmation) at around 18.4k will be a good choice. Please do your own research before investing.
I hope this idea was helpful.
Trade safely.
Update: After a series of pump and dump, BTC somehow manages to calm down. In a shorter timeframe, it is moving sideways ranging between 18.4k to 20.3k. It's been a couple of weeks and all we can see is a bounce back and rejection in between the two trendlines. The recent move in BTC seems to be bearish and it is quite possible that we may see BTC back to the 18k range and then a bounce back. In order to show some magic move, BTC must break through the 20k barrier.
Note: If BTC happens to break down further then going long on BTC (after confirmation) at around 18.4k will be a good choice. Please do your own research before investing.
I hope this idea was helpful.
Trade safely.
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