BTC/USD - 1D Chart is showing some definite short term reversal signs, by no means am I pointing toward a full bullish reversal at this stage, but I am saying I expect us to re test the previous swing high at $6,800 due to a bounce zone lining up with some key structure zones.
Blood has been great for this market, I am seeing people drop like flys and only the strong will survive this.
I am Bearish mid term until we break out of some key structures, $6,800 is an important close above on the daily in my opinion. I feel the market needs a breather before more pain and suffering will occur.
The market has been tough out there but It is super important to remember thinking long term.
Work on trade plans. Work on your psychology, Work on Technical Analysis.
Peace out!
Blood has been great for this market, I am seeing people drop like flys and only the strong will survive this.
I am Bearish mid term until we break out of some key structures, $6,800 is an important close above on the daily in my opinion. I feel the market needs a breather before more pain and suffering will occur.
The market has been tough out there but It is super important to remember thinking long term.
Work on trade plans. Work on your psychology, Work on Technical Analysis.
Peace out!