BTC/USDT (Rejected by 100D-MA)

20 Eyl 2022

💎Technical Analysis Summary💎


BTC/USDT


-Bitcoin is rejected by the 100D-Moving Average last week
-And the price is back at the key support area around 18k dollars
-This is technically not looking in the daily timeframe view
-The support becomes weaker over time if the Buyers are unable to bounce up
-If this support zone fails, expect a 16k dollar Bitcoin is expected in the next few weeks
-On the risk management side, I have closed more than half my Altcoin positions at big gains
-Only letting the rest ride if the market will show bullish signs again
-I will re-entry new positions if things are in our favor again
-Everyone, please always manage your risk
-Good luck and stay safe