As you can see BTC dropped by almost 10% in the past 4 hours. This is the real charm of our dear market, BTC hit the 4100$ resistance, made a bull trap and dropped. there’s what the 2015 bottom looked like and how the actual bottom, as you can see they look very similar.
But this time we got a uptrend channel :
So BTC hit the top of the uptrend channel and dropped to the bottom of it Sitting at our support, (3700$) Buy the dip (3750/3700$) sell the top (4100$) repeats till one of those (support or resistance) get broken. Stop-loss : 3675$
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.