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RE: BITCOIN & Markets Looking For Breakout
I’m bearish from here, but bullish overall. Keep stops close and see what happens, I guess. Looks like we’ll know here soon.
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I’m bearish from here, but bullish overall. Keep stops close and see what happens, I guess. Looks like we’ll know here soon.
Posted using Partiko iOS
Interesting, why is that?
Just think(guessing) the 5 waves are done. Over sold RSI, MacD looking good for dip. And if 3,500 was the bottom that was wave 1 and we are starting wave 2. So just looking for healthy correction. 6.3/5.7. Overall I’m not the best trader yet😂😂 So you could be very right!
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Well, I'm thinking more short term. We're in a short-term market right now. Longer, yes, I think there will absolutely be pullback....especially because we broke through the $6k level without any resistance. That level was support for the whole market for a year, so we should have seen more resistance there I would have thought. Definitely, not the best sign and I think there's not as much strength in the market because we didnt see the bulls overcome a struggle there.
Ahh I see, right now I’m using daily/4 hour charts, do to my bad short term trades. Yea agreed, as you also mentioned volume declining.
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