Short

HOW LOW IS LOW!!??

Updated

Hi Everyone!! As we predicted on the previous post BTC has made a big drop and now seems to be hanging around 7300-7250 range. So what is the next move. Well the RSI is pretty low and it needs to move up before another move down. So we might see BTC going side ways or even higher,However we are relay close on, 50 EMA crossing below 200 EMA. Which will lead to another low. Based on previous pivot points and supports we will most likely hold around 6100 to 5600 range. Cost averaging might be the best option since on can not simply predict the bottom top.Stay safe!
As always just a thought not an advice!!

Previous analysis:
tradingview.com/chart/BTCUSD/KQsy6UPZ-TIME-TO-TAKE-THE-SIDELINES/L

Trade closed: target reached

Got to the range faster than expected. We might start to enter small positions
As always just a thought not an advice!!

Behzadin

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