BTC small reversal could be in play!

BTC downwards trend could still fall to the next hard support of 6100-6200 and then rebound upwards. Suspecting two paths on how it could play out but we would need some time to see where it catches support. If you're still shorting; think about when to close the short and a soon buy in for long.

I think that BTC could flip at any time and one should pay close attention to many timeframes and see where BTC would flip.


None of this is investment/financial advice.

Comment:

Support line reached! There is still large selling power, hope bulls will start to buy back in and not fall through this crucial support.

If you're buying the dip, start dollar-cost averaging soon to get a good position around this price.

Comment:

Get ready to take some profits!

Trade closed: stop reached