Bitcoin Daily Review: Still no clear direction from Bitcoin
***Hello crypto fam, I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇
There is still no clear direction from Bitcoin since the 19th may Capitulation wick. The bulls and Bears are equally poised at the moment.
We need a clear break on either side to decide, but for now, from the last 12 days there are only 4 red candles, so it looks sellers are a bit exhausted. But don't take me for granted as I don't know who is waiting to sell once prices go a little bit higher.
So on 2nd July, I suggested buying at around $33,200 with SL of 32K. I personally added more Bitcoin at that level and waiting to see if Bitcoin breaks the $35.5 -
36K area again, any rejections from that area means bears are still in control.
Now, I would not suggest going long here, but even if for some reason you want to buy here, have your SL at $32,750 and position your trade accordingly.
Let's keep an eye on how daily and weekly closes. Happy Trading!
PS: This is not financial advice, DYOR. please position your trading size correctly.
There is still no clear direction from Bitcoin since the 19th may Capitulation wick. The bulls and Bears are equally poised at the moment.
We need a clear break on either side to decide, but for now, from the last 12 days there are only 4 red candles, so it looks sellers are a bit exhausted. But don't take me for granted as I don't know who is waiting to sell once prices go a little bit higher.
So on 2nd July, I suggested buying at around $33,200 with SL of 32K. I personally added more Bitcoin at that level and waiting to see if Bitcoin breaks the $35.5 -
36K area again, any rejections from that area means bears are still in control.Now, I would not suggest going long here, but even if for some reason you want to buy here, have your SL at $32,750 and position your trade accordingly.
Let's keep an eye on how daily and weekly closes. Happy Trading!
PS: This is not financial advice, DYOR. please position your trading size correctly.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.