BTCUSDT $26885.1 Quick Uptate Friday OCT13 2023
BTCUSDT Quick Update Friday OCT13 2023
Covered btc on the W down to the D.
1-The D-macd has flipped bearish
2-The D-rsi trendline has been broken
3-Now, need the 3D-MACD to flip bearish in the upcoming days.
Short-medium term support remains 0.5-0.618 at 22-20k
SL remains 30.3K
If we hit 25.3-24.7k, bulls must secure some profits and move SL at Breakeven or at entry.
If the trend continues down below 24.7k, just secure profits at 23-22k and then at 21-20k if it gets there.
However, if bulls retest the low 25.0k first and then push back up to 28.628.8k, then this could be a short term bullish reversal back to 31.5-32.0k. Therefore, no need to reenter a short at 28.8k level. But will reevaluate if this scenario ever takes a place
Covered btc on the W down to the D.
1-The D-macd has flipped bearish
2-The D-rsi trendline has been broken
3-Now, need the 3D-MACD to flip bearish in the upcoming days.
Short-medium term support remains 0.5-0.618 at 22-20k
SL remains 30.3K
If we hit 25.3-24.7k, bulls must secure some profits and move SL at Breakeven or at entry.
If the trend continues down below 24.7k, just secure profits at 23-22k and then at 21-20k if it gets there.
However, if bulls retest the low 25.0k first and then push back up to 28.628.8k, then this could be a short term bullish reversal back to 31.5-32.0k. Therefore, no need to reenter a short at 28.8k level. But will reevaluate if this scenario ever takes a place
