BTC -Up reversal in sight?
Hello Traders,
BTC dumped hard last night and took all the alts with it.
We dropped into a historical demand zone, last time we were here the artificial pump followed by the rally to 9500 happened - actually I'm not suprised that we are here, only how fast we got here.
The next Days/Wekks will be crucial to Bitcoin. If this demand zone, that goes as low as 6350, doesn't confirm itself as a zone of confluent support, the next real interesting pricelevel to watch closely will be 5800-600 - and 4300 below that.
Still in Short positions from 7200, but definitely hedging a lot around 6600!
Good Luck
BTC dumped hard last night and took all the alts with it.
We dropped into a historical demand zone, last time we were here the artificial pump followed by the rally to 9500 happened - actually I'm not suprised that we are here, only how fast we got here.
The next Days/Wekks will be crucial to Bitcoin. If this demand zone, that goes as low as 6350, doesn't confirm itself as a zone of confluent support, the next real interesting pricelevel to watch closely will be 5800-600 - and 4300 below that.
Still in Short positions from 7200, but definitely hedging a lot around 6600!
Good Luck
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