Hi guys! I have been pretty bearish for the past few months and this is why...
Bitcoin is hanging on the last major support above the 200MA on the daily time frame, but just barely. There is also a rising wedge that could be in play. Invalidation of this view will be above the trendline resistance market on the chart. Pitstops are bounce areas for short-term trades in my opinion, but my long-term hold price is at the buy box on the chart.
Good luck everyone.
Bitcoin is hanging on the last major support above the 200MA on the daily time frame, but just barely. There is also a rising wedge that could be in play. Invalidation of this view will be above the trendline resistance market on the chart. Pitstops are bounce areas for short-term trades in my opinion, but my long-term hold price is at the buy box on the chart.
Good luck everyone.