BTC ANOTHER MACROVIEW AFTER THE RECENT PUMP. WHAT TO LOOK AT
We got some retest (you can call it bearish retest if you want to) in this recent bounce of BTC.
Finally we got some rejection at 45500 levels. The overall trend is still in downtrend so I am about 60% bearish but we don't trade biases, We trade what the market gives us.
We still yet to have a new higher high, as we closed yesterday's 1D candle below 43850.
Price action pointing towards volatility in coming few days.
If we close today's daily candle below previous candle then I might lean towards shorts.
Stay safe! Don't be trap.
Patience is the key. The trend is your friend.
Finally we got some rejection at 45500 levels. The overall trend is still in downtrend so I am about 60% bearish but we don't trade biases, We trade what the market gives us.
We still yet to have a new higher high, as we closed yesterday's 1D candle below 43850.
Price action pointing towards volatility in coming few days.
If we close today's daily candle below previous candle then I might lean towards shorts.
Stay safe! Don't be trap.
Patience is the key. The trend is your friend.