BTC at the crossroads
Updated
Watch for 5900-6200 zone.
6200 is a resistance, if we confidently go through it, it is possible to grow to 7000+.
If we dont and break down to 5800 - we may fall really low pretty fast, down to 5500, 5300, 5000 or even 4000 becouse of panic sell.
RSI and other oscillators shows oversold zone, so we shoud go up a little bit, but marketmakers does't care about indicators, so trade at your own risk (or wait for some conformations :) )
6200 is a resistance, if we confidently go through it, it is possible to grow to 7000+.
If we dont and break down to 5800 - we may fall really low pretty fast, down to 5500, 5300, 5000 or even 4000 becouse of panic sell.
RSI and other oscillators shows oversold zone, so we shoud go up a little bit, but marketmakers does't care about indicators, so trade at your own risk (or wait for some conformations :) )
Note
panic sell comes sooner that expected, 1 target: 5500Trade closed manually
update in new idea
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