BTC update:
Welcome members, to this BTC update on 3 days chart. BTC has been moving in the same range for the last 7 days. Technically, we are still at the support range and unless BTC breaks down below this, we are in safe hands. If at all BTC bounces back from this range then get ready to see some amazing rallies coming in.
Let us compare all the scenarios together.
1. BTC: BTC is at the support in the 3 days timeframe.
2. USDT.D: The USDT.D is at the overbought range in 3 days chart. It should show some rejection soon.
3. Fear & Greed Index: The market is at the extreme fear of 13. This shows that it is the accumulation phase for BTC.
All this indicates a rally coming soon.
Okay, I might be wrong at this and my probability could go wrong but the risk-reward ratio is a good deal here. Entering the market with a portion of your portfolio with a tight SL could be a good deal here. So, do your thorough research before jumping into any trade.
Welcome members, to this BTC update on 3 days chart. BTC has been moving in the same range for the last 7 days. Technically, we are still at the support range and unless BTC breaks down below this, we are in safe hands. If at all BTC bounces back from this range then get ready to see some amazing rallies coming in.
Let us compare all the scenarios together.
1. BTC: BTC is at the support in the 3 days timeframe.
2. USDT.D: The USDT.D is at the overbought range in 3 days chart. It should show some rejection soon.
3. Fear & Greed Index: The market is at the extreme fear of 13. This shows that it is the accumulation phase for BTC.
All this indicates a rally coming soon.
Okay, I might be wrong at this and my probability could go wrong but the risk-reward ratio is a good deal here. Entering the market with a portion of your portfolio with a tight SL could be a good deal here. So, do your thorough research before jumping into any trade.
