Bitcoin / TetherUpdated Game Time for BTC - Storm not over yet
BTC is looking better after the expected drop last night. Needed a cool down after the last bull weeks.
We bounced perfectly off of the $11000 support line and recovered quite well. I was able to reenter at $11300.
But there is a high chance this the storm is not over yet.
Breaking the November support trendline, what turned into resistance, would be the first good sign. Closing some 4h candles in the cloud above 14300 would be another bullish sign.
This bounce could be a big bull trap. Stay cautious and watch for the bullish confirmation signals.
Note
Here my update on BTCNote
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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.