Plain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDT

12 Mar 2021

Plain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDT

Market does not care what people want.

People want 60K so bad.

Market takes decisions.

Allright, we got 2 bearish divergences popping up, and a lower high on the bigger scale.

That's not good at all to get that lift to 60 K.

Price is attracted by the 48700 K level, that we might head back for the coming days.

I don't feel any euphoria around, so, ...

Back in february, people ignored RSI and kept buying - euphoria was at peek -

Now it seems like something else.

That's a day to be carefull, more on the short side, with extra wide SL from 58250 down to 55366

So..

Have fun, trading today !

Thanks for reading !

Stay safe.

And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.

See you all tomorrow, and don't forget to ......

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