Hi all,
BTCUSD , made a nice bounce again from the trendline. It seems people start buying the dip. However,
- The momentum is not so strong from the last swing high
- We have divergence showing clearly on this momentum lost
- We have nice bearish candle yesterday
So we have all the nice bias for Bear more than Bull in this case.
- If we do conservative approach, we can wait for BTC to break today's low to confirm the dip is coming
- If we do agressive approach, we can short sell on lower timeframe when BTC makes some correction (upside) a bit more.
I myself prefer to wait
BTCUSD , made a nice bounce again from the trendline. It seems people start buying the dip. However,
- The momentum is not so strong from the last swing high
- We have divergence showing clearly on this momentum lost
- We have nice bearish candle yesterday
So we have all the nice bias for Bear more than Bull in this case.
- If we do conservative approach, we can wait for BTC to break today's low to confirm the dip is coming
- If we do agressive approach, we can short sell on lower timeframe when BTC makes some correction (upside) a bit more.
I myself prefer to wait
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