Daily BTC review: Bitcoin got good bounce, has it bottomed?
***Welcome to daily Bitcoin analysis. I do daily BTC review and try to provide my unbiased TA. Please let me know if you have any other chart requests***
So we have got a really nice push on bitcoin yesterday by bulls. It has taken out the last three days open, haven't taken out the highs yet. But looks like it will eventually do it today or tomorrow.
I have published another idea, which shows Wyckoff way of diminishing supply, and it's looking good for bulls for now.
So, is this the ultimate bottom? We don't know yet, lot of people like to believe Bitcoin hasn't topped yet for this year, but guess what no one has a crystal ball, all the same, people were calling out different bottom last week.
So I suggest we take it one day / one week at a time.
For now, as suggested in the last couple of days, this is a good buy zone. if you missed buying yesterday, you can still get in today, with Stop Loss placed at $32,400 or even at $30,400
Please position your size correctly, protecting your capital is more important than winning a trade.
PS: This is not financial advice, please DYOR
Please provide your feedback
BTCUSD
So we have got a really nice push on bitcoin yesterday by bulls. It has taken out the last three days open, haven't taken out the highs yet. But looks like it will eventually do it today or tomorrow.
I have published another idea, which shows Wyckoff way of diminishing supply, and it's looking good for bulls for now.
So, is this the ultimate bottom? We don't know yet, lot of people like to believe Bitcoin hasn't topped yet for this year, but guess what no one has a crystal ball, all the same, people were calling out different bottom last week.
So I suggest we take it one day / one week at a time.
For now, as suggested in the last couple of days, this is a good buy zone. if you missed buying yesterday, you can still get in today, with Stop Loss placed at $32,400 or even at $30,400
Please position your size correctly, protecting your capital is more important than winning a trade.
PS: This is not financial advice, please DYOR
Please provide your feedback
BTCUSD
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