BTC/USD (Previous Support>Resistance?)

💎Technical Analysis Summary💎


BTC/USD

-Bitcoin is rejected at the previous key support area and EMA 19
-A bearish engulfing candle is printed yesterday closing price
-If this downward move continues, the potential support is somewhere 34k dollars
-It is really hard playing swing trades on the spot market with this type of condition
-So please be careful holding Altcoin long positions because they will likely follow the BTC path
-If we are waiting for a daily reversal move, it is not going to happen yet
-Being calm and waiting for good timing is important right now




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