Bitcoin price action under the 200MA on 1D.
H&S pattern was printed and actually BTC broke to the downside.
We might go a little lower just to burn the over leveraged longs completely, but we are due for a bounce & test of the 200MA again.
It is not going to be too obvious, though. Too many people bidding like crazy for those 8200$-8300$ levels.
Time will tell. Even though we are at a logical level for starting building a long position you should be aware that longing BTC now bears bigger risk than normal.
H&S pattern was printed and actually BTC broke to the downside.
We might go a little lower just to burn the over leveraged longs completely, but we are due for a bounce & test of the 200MA again.
It is not going to be too obvious, though. Too many people bidding like crazy for those 8200$-8300$ levels.
Time will tell. Even though we are at a logical level for starting building a long position you should be aware that longing BTC now bears bigger risk than normal.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.