BTC again going to test 0.236 Fib at $7741, once crossed we will have strong resistance levels at $8100-$8200 and next $8500.
BTC will be bullish once crossed these resistances. (Green small boxes showing Support and Resistance Zones).
At the moment we got StochRSI and MACD Vol Bullish divergence which is good for BTC and altcoin market can be green for atleast a week.
Check Last Update on same time frame
BTC will be bullish once crossed these resistances. (Green small boxes showing Support and Resistance Zones).
At the moment we got StochRSI and MACD Vol Bullish divergence which is good for BTC and altcoin market can be green for atleast a week.
Check Last Update on same time frame
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#BTCUpdate
BTC only 4Hrs Oversold and may give short bullish upto $7000-7200. Big Timeframes still need to develop and give any confirmations.
2 Major Reasons of last unexpected BTC dump. 1) Korean Exchange hacks. 2) StopLimit triggered for mostly trades which was on $7000 accroding to BTC trend.
Advice
Most of our Trades triggered StopLimit due to this dip. If you still holding any midterm / short term trades, sale once #BTC around $7000 and wait for dip upto $6700-6500 to reënter again.
BTC only 4Hrs Oversold and may give short bullish upto $7000-7200. Big Timeframes still need to develop and give any confirmations.
2 Major Reasons of last unexpected BTC dump. 1) Korean Exchange hacks. 2) StopLimit triggered for mostly trades which was on $7000 accroding to BTC trend.
Advice
Most of our Trades triggered StopLimit due to this dip. If you still holding any midterm / short term trades, sale once #BTC around $7000 and wait for dip upto $6700-6500 to reënter again.
Only 4H STOCHRSI is bullish at the moment.
If not bounced, Altcoins Market will be bleed if BTC goes under $7150-7100 (Danger Zone).