1Hr Chart,
Upside - BTC Will trade sideways between 16500-17200 until it hits MA 200 and rebounds and moves to 18K.
Downside - BTC breaks below MA 200 and moves down to 15k. If you are currently holding a long position use a stop loss at 16K
Wait for Conformation of bounce before placing buy orders. You don't want to buy at 17.2k with a stop loss at 15.5k until RSI confirms the bounce.
In the mean time DSHBTC is about to breakout :)
Good Luck
Upside - BTC Will trade sideways between 16500-17200 until it hits MA 200 and rebounds and moves to 18K.
Downside - BTC breaks below MA 200 and moves down to 15k. If you are currently holding a long position use a stop loss at 16K
Wait for Conformation of bounce before placing buy orders. You don't want to buy at 17.2k with a stop loss at 15.5k until RSI confirms the bounce.
In the mean time DSHBTC is about to breakout :)
Good Luck
Comment:
Price just hit 200 MA on the 30 min Chart. Rebound To 18k or Drop to 15?