BTC Establishing support
Back to business as usual as BTC posts a huge candle. The strong bounce has confirmed the support zone around 7500. Many people were calling for a drop to the 5500 area but I believed there were still buyers at this level.
Looking to enter long at a retracement near 8000. The next big hurdle is to take out the 200 daily MA and move above the trend line (~9200) that has suppressed this market for the past few months.
Happy trading!
Looking to enter long at a retracement near 8000. The next big hurdle is to take out the 200 daily MA and move above the trend line (~9200) that has suppressed this market for the past few months.
Happy trading!
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