#BTC UPDATE 3 :
In 1W TF Remember properly i discussed this market cycle, According to stan Weinstein Theory that for an actual mark of phase first we need a proper capitulation phase we are expecting further capitulation phase or range bound mark of phase and then actually move makes a lot of sence.
As u can see btc bounce from my red line and RSI in 1 day Chart is near 25 to 27 the things to notes we can clearly seen 2 big bounce when BTC have touched 1D RSI 25 to 27
Right now the support is 42k$ if it goes below we can expect 39k$
NOW MY OPINION
As i have already posted a voice message in mornings btc i have seen 2 times big moment when BTC RSI has...
axs was getting ready for breakout now broke out and retesting the support maybe e can take a long from here it is risky but rr is good #NFA watchout the rsi if it goes up after trendline then take long with sl below support
HAVE A GREAT PROFITABLE TRADE
BTC/USDT is forming an uptrend on the 4H time frame chart.
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