Bitcoin is currently consolidating after a sharp move down, I expect a lower retrace to test a proper support.
The scenarios I am looking at are currently 1 and 2. With 2 being more possible because of the recent wave of FUD and fear in the market.
I am covering myself with short, while playing the catch the bottom.
Currently relative time frames : 6H : 12H. Every other time frame needs consolidation before making more sense.
The scenarios I am looking at are currently 1 and 2. With 2 being more possible because of the recent wave of FUD and fear in the market.
I am covering myself with short, while playing the catch the bottom.
Currently relative time frames : 6H : 12H. Every other time frame needs consolidation before making more sense.
Comment:
Currently bounced off the deceive support, looking now at mostly play number 1 to play out
Comment:
Stop loss for play 1 is 8300-8200 area.