After a unexpected shake out few days ago. (well im facing a loss too T.T )
BTC finally calm at the support trendline and sitting at temporary support for now.
Is it safe yet? Well i think yes until tomorrow (sunday ,12 sept)
Here's my scenario. BTCUSDT will bounce but not rally.
(the reason because if you look at 4H timeframe. you'll see a bullish divergence, indicating a reversal)
It'll only bounce and will facing a rejection at the weekly resistance (around $50-51k)
then will pullback again following my arrow. So i think this month BTCUSDT will only consolidate before continuing rally to make new ATH.
So, holding for a midterm i don't think it's wise choice for now.
waddya think?
*not financial advice
BTC finally calm at the support trendline and sitting at temporary support for now.
Is it safe yet? Well i think yes until tomorrow (sunday ,12 sept)
Here's my scenario. BTCUSDT will bounce but not rally.
(the reason because if you look at 4H timeframe. you'll see a bullish divergence, indicating a reversal)
It'll only bounce and will facing a rejection at the weekly resistance (around $50-51k)
then will pullback again following my arrow. So i think this month BTCUSDT will only consolidate before continuing rally to make new ATH.
So, holding for a midterm i don't think it's wise choice for now.
waddya think?
*not financial advice