***Hello crypto fam , I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇
So yesterday Bitcoin closed below $30K and as of writing this, we can see some bounce on 4hr chart but don't celebrate yet, let's wait for daily close to think about creating a position.
Personally, if it produces a bullish engulfing candle then we can definitely think of a long position. Until then I am still leaning towards bearish sentiments and expect a capitulation candle soon to flush out weak hands.
Let's wait and watch. Happy trading!
So yesterday Bitcoin closed below $30K and as of writing this, we can see some bounce on 4hr chart but don't celebrate yet, let's wait for daily close to think about creating a position.
Personally, if it produces a bullish engulfing candle then we can definitely think of a long position. Until then I am still leaning towards bearish sentiments and expect a capitulation candle soon to flush out weak hands.
Let's wait and watch. Happy trading!
