Dear Bitcoin, Where is your support?
We recently had a small bounce right out of the and support .
Unfortuently, before even having the chance to test the top of the we were knocked back down to test the same support levels again.
Generally it is not a good sign to test a so soon after a bounce. However, we must wait and see what the market decides.
The chart above shows multiple levels that Bitcoin may test. We must treat this like a game of ladders. Bitcoin must make the first move and then we will be able to react accordingly.
I hope this chart helps and I wish you all the best of luck!
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Since then BTC has had trouble gaining momentum in either direction. However for the moment it looks like it could be heading up.
I am waiting for BTC to break out of what I call the limbo zone before I make an leverage trades.
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