KapitanKris

BTC Bounce? A short analysis with entry points

BITFINEX:BTCUSD   Bitcoin
Bitcoin following the downward trend, I've highlighted entry points that I personally have put orders in, the correspond with resistance zones circled previously. The downward trend broke through the 100-day Moving average in a big way but seems to have bounced near the 200-day MA (purple). We will see whether this is the bottom bounce or whether we will continue to fall further... I'm currently neutral, it could drop lower but I still have more fiat to put in if that's the case. If it bounces and recovers - great!

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