This is how I see BTC moving in the next couple of days
This is not a financial advice but my opinion only.
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As we failed to reach the 9.6k mark we had non other way but down. We have a trendline at 8.8k but slim chance to bounce from it. 8.1k retest perhaps...
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This is the obvious and it is meant to cover a few hours of btc price only. We I am still thinking a 8.1k test. At the moment we are at 8800 price range and this is a good place to bounce off. Indicators still show a weak btc but MACD seems to be getting stronger. More waiting.
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We have reached a crucial time for btc. let's hope the retracement is better than the expected. Next stop would be 10200 if we succeed retracing healthy
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The scale on this chart is off. Follow the price and not the lines. So far first leg of the chart played well. We got above 9.7k retrace to 9.4k and now 9.7k almost now. We will see if we can push through the second leg and hit our next 10200 price. btc is running out of fuel. It is assumable we will end up retracing towards the 8.9k-9k price range.
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What a day for BTC. well we are still in good shape for now hahaha little dipper and I started to worry. :)
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BTC showing a possible price bottom of 8.1k. Stop loss activated at 7.9k since my 5.9k entry. Those are my thoughts.
Dude I was #$%^ing my pants this morning. We got to 10k and then dumped to 8.8k, my account went red from green, WTF!
Ecua_Trader
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@TomPower, don’t hold for long. Give yourself a range of the 4 hrs candle from prior closing. If you are day trading. Swing trading now I’m taking a 1k per rally and exiting. Btc is a wild bull to ride. :)