CoinAndCrypto

BTC - Just A Normal Pullback

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC had a sharp movement last night dumping to the bottom of its trend channel. BUT we are still within the trend channel. Our stoploss for those entering at 4850 was 4920 = this has not been hit.

Our stoploss for ETH was at entry 152. This has also not been hit. Volume on this downward movement is significantly lower than the volume on April 2nd that led to the rally up to 5000. This looks like a normal pullback of some traders taking profit.

Wait at this point to see what happens. If the market moves further down our stoploss is at or above entry and we will look to re-enter at better prices.

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