Waiting for BTC/USD trend reversal confirmation patiently
Quick update:
Not a piece of financial advice.
The observational market trend suggests a strengthening reversal, but the microeconomics counters the thesis for a BTC/USD pair bottom confirmation.
Those who got into the bottom around 18.3k level had a greater risk/reward scenario given the RSI/Stoch & BB leveling but faint confirmations.
Wisely waiting for a strong signal confirmation to rely on a trend reversal. No rush here as the market may pick up a haywire move should there be any undesirable news/events (hopefully good news here).
Not a piece of financial advice.
The observational market trend suggests a strengthening reversal, but the microeconomics counters the thesis for a BTC/USD pair bottom confirmation.
Those who got into the bottom around 18.3k level had a greater risk/reward scenario given the RSI/Stoch & BB leveling but faint confirmations.
Wisely waiting for a strong signal confirmation to rely on a trend reversal. No rush here as the market may pick up a haywire move should there be any undesirable news/events (hopefully good news here).
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