Plain and Simple Bitcoin Daily Analysis - 3/11/21 - BTCUSDT

Plain and Simple Bitcoin Daily Analysis - 3/11/21 - BTCUSDT

Market is too emotional, really too much

Everybody requesting 60K is kind of jinxing it :)

I posted yesterday that the 57370K would be a clear rejection on my twitter channel and also on youtube (link below)

...and the rejection was...because of the confindence. Not enough fear to push the whales to boost price up.

4 hours chart still looks bearish, while 30 minute gives us a bullish morning.

Also a bearish divergence on the 4 hour, still point at a visit down 53500K.

I'm not convinced by this last push, the market is trying to trap bulls.

Bitcoin loves to trap bull, and then hammer a 20/30% drop on them ;)

So, for the morning, nice buying opportunities at this levels, but don't hold to it.

Second part of the day GMT+1 can be more tricky on the downside.

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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