Trading_Cipher

BTC daily review: Still waiting for retracement

BITSTAMP:BTCUSD   Bitcoin
Hello traders

So after getting into a small position at around $32,300, I am still waiting for the pull back, but I am not going to FOMO here, I will still wait for the pull back or if we continue to consolidate above $40K then we will have no option but to long for the target of $50K

Market is still not above $200MA and hence I am still not calling out we have flipped to bullish yet.

So like me, if you're also waiting to enter, then I would say wait more, market will never go up in straight line.


Penafian

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