Bitcoin / TetherShort
Buy and HODL the BTC Bullish blip
In my previous post, I mentioned that BTC must retest the 45900 level of support to gain more momentum. If this momentum is strong enough to form higher highs, a breakout of the 48900 should have been highly probable thus paving the way to 50k. However, this did not happen. Instead of a price pullback, a breakdown of this support happened. The trend line trending downward below the RSI's (14-period) 50% line actually indicated that a breakdown of the support was likely. The breakout of this support led the price to land again on the 42K level of support.
As the price revisits the 42K support, a bullish blip seems to appear indicating that reversal is highly probable. This could also serve as an opportunity to BUY and HODL more BTC while it still stays in this level. A bullish blip is indicated when the RSI 14 and 3 period are both below 30%.
BUY and HODL today.
/please DYOR/trade at your own risk
As the price revisits the 42K support, a bullish blip seems to appear indicating that reversal is highly probable. This could also serve as an opportunity to BUY and HODL more BTC while it still stays in this level. A bullish blip is indicated when the RSI 14 and 3 period are both below 30%.
BUY and HODL today.
/please DYOR/trade at your own risk
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