3/8 - BTCUSDT SHORT TERM
Currently, BTC bounced at 22.7k which is a 0.5 Fib. But I do not recommend to place any short or long position in this moment.
Bull Side:
BTC is still in upside channel and the Higher Low has formed. Also bounced before the channel bottom
Bear Side:
BTC uptrend price difference is go smaller and smaller. the previous Higher High is in a bad shape with momentum divergence. Lower High may be seen and the breakdown will happen.
IMO,
I am more in Bull Side but as I said, I dont recommend to open any position until a new High has formed.
Leave me comment if you have another point of view.
Bull Side:
BTC is still in upside channel and the Higher Low has formed. Also bounced before the channel bottom
Bear Side:
BTC uptrend price difference is go smaller and smaller. the previous Higher High is in a bad shape with momentum divergence. Lower High may be seen and the breakdown will happen.
IMO,
I am more in Bull Side but as I said, I dont recommend to open any position until a new High has formed.
Leave me comment if you have another point of view.
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