Bitcoin for last 10 day is being consolidating after a nice fall of 10%.
The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone.
On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels.
Even on the daily charts, there is also a bearish moving averages...
Time frame 1 hour, going long at support where as the risk is low like every other trade as per my setup. There were multiple thoughts before entry if I should enter or not. I am sure this happens with many novice trades like me but to be in a league of professional we've got to enter a trade as per our own trade setup without a second thought. If there is a trade...
$BTC / USD
#BTC $BTC #bitcoin
1 if btc hold 8950 this support then target 9590
2 if btc cross 9590 and stop then target 10000
1 if BTC goes down below 1st support 8950 then 2nd support is 8450
2 if bearish power strong then 3rd support is at 8090