This is why I think,
BTCUSD
might have triggered a Buy Signal.
1. Bitcoin has a support at its "Golden Pocket Ratio".
2. Trend channel might stop the down turn.
3. Fear & Greed Index for Bitcoin is at 17, which can be seen as a contra indicator.
4. Bullish turnaround candle today
If
BTCUSD
can make it to close over 7500 USD, we might see the beginning of a rally and the dip below 7500 USD was just a fake move.
More updated coming soon.
BTCUSD
might have triggered a Buy Signal. 1. Bitcoin has a support at its "Golden Pocket Ratio".
2. Trend channel might stop the down turn.
3. Fear & Greed Index for Bitcoin is at 17, which can be seen as a contra indicator.
4. Bullish turnaround candle today
If
BTCUSD
can make it to close over 7500 USD, we might see the beginning of a rally and the dip below 7500 USD was just a fake move. More updated coming soon.