[BTC] - Short term trade thought

in #btc7 years ago (edited)

Hi all, crypto sludge here.

BTC is about to finish a nice and healthy retracement it started @ 17K and since i think it's about to end, thought i'll give you guys a heads up for a possible entry point.

We are on the TD 8 of 9 on the 4h chart, stochRSI is in the oversold area, we are either at the bottom already, or will retrace worse case to the ~14700 area (the make trend line) but probably not lower.

The 1h chart already looks like a price flip, once we see US waking up they will either confirm this for a full breakout, or just a short upward correction.

Good luck and Trade on!

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