A few days ago I did a BTC review:
And I think it's time to update that idea!
BTC went above the resistance zone and now stopped at it as a support zone (as if making a backtest). In this case, we would be better above 50EMA, but so far we are lower.
Do I take a long here? No, I don't.
And what to do?
To avoid getting trapped, I would advise waiting for some kind of larger pattern and confirmation that resistance has really become support.
And I think it's time to update that idea!
BTC went above the resistance zone and now stopped at it as a support zone (as if making a backtest). In this case, we would be better above 50EMA, but so far we are lower.
Do I take a long here? No, I don't.
And what to do?
To avoid getting trapped, I would advise waiting for some kind of larger pattern and confirmation that resistance has really become support.
Would I buy here? -No.
I wanna see something bigger.
But for short-term guys it's cool backtest!