BTC daily review: Close below $30K, whats next?
***Hello crypto fam , I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇
So yesterday Bitcoin closed below 30K and as of writing this, we can see some bounce on 4hr chart but don't celebrate yet, let's wait for daily close to think about creating a position.
Personally, if it produces a bullish engulfing candle then we can definitely think of a long position. Until then I am still leaning towards bearish sentiments and expect a capitulation candle soon to flush out weak hands.
Let's wait and watch. Happy trading!
So yesterday Bitcoin closed below 30K and as of writing this, we can see some bounce on 4hr chart but don't celebrate yet, let's wait for daily close to think about creating a position.
Personally, if it produces a bullish engulfing candle then we can definitely think of a long position. Until then I am still leaning towards bearish sentiments and expect a capitulation candle soon to flush out weak hands.
Let's wait and watch. Happy trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.