Bitcoin

Did BTC/USD begin a new trend? Or we are at a greater risk-zone?

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Not intended to be a piece of financial advice.

BTC positive reversal is likely to establish a new trend. It will be great to see it closing at about 32300 on Tuesday. The pair at a weekly close above 28700 is already a welcoming note.

Some swings may occur as some brutal hands might take some profits home against a 25ish bottom purchase made a week ago. If the profit-taking is significant, the indicator should flash Purple Arrow (Exit). I’ll be checking 15m swing to 1hr timeline, and then review 4hr and 8hr respectively.

Penafian

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