Bitcoin Continue The Retracement. Update 18.04.2024

18 Apr

A.O.A And Good Morning To All. Bitcoin continue Retracement. There is no Bullish Sign till now.

I Draw in this Chart the Lines Based on Daily and 4H TF. The key point where price can Give us a Reversal Signal. After Dropping Down From 73k to 60k . its Not Easy To reverse in just one day. And If Bitcoin can Reverse it Just in one day. Here are the key Levels. Where we can consider the reversal Without Completing the Weekly Retracement.

Positive Candles are very normal when price Drop. Just like When Price is Bullish and we see Red Candles. Thats the Reason i dont give any altcoin signals. and dont open the buy trades based on Just when you see a Green Candle. Even we have Confirmation on Reversal.

Draw These Lines on Your Charts. And open Buy Trades or DCA just when these line are Broked and Retest. Otherwise my Sell Trade is Still Open on Bitcoin. i Wish You All A Lot Patience and have a Very Nice Day.