BTC short term update (important)

6 Mar 2021

BTC / USDT

BTC pumped from area mentioned in my last update 46k support to resistance level (near 50k)

My personal view now in market in short term :
in current situation market on edge between bulls and bears in ( short term )

However in mid term looking more Bullish but in short term not much clear
I mean most of alts at daily demand and strong supports if they hold they will go up massively if not and btc decided to drop they will suffer

Simple Analysis :

For BTC
going to test 46k again wont be good (possible bearish sign and possible H&S)
Hold above 52k is bullish

For alts
If you are in position i think keep stoploss at recent yesterday low is good and trading with caution
( this is for high cap alts always follow BTC)
If you are out ...wait for more confirmations to enter

I dont want you to fear but if btc dropped again to 46k will be problem for short term
So finally iam more Bullish but only if btc wont breakdown 46k
Be ready for both scenarios

This is my view hope you liked it
Good luck

6 Mar 2021

Not

#BTCUSDT update

If only closed below EMA 200 = 45900$
Will be bearish in 4TF

We still in sensitive area

6 Mar 2021

Not

That H&S pattern i believe its made by whales ..not random normal buy and sell or demand and supply pattern

But always take care ..i hope major alts wont closed by daily candle below yesterday low