BTC has been pulling back for a couple days now looking for the daily hgiher low to form, and I personally find the most clarity on the 12H chart. The bull move and pullback are significant enough to anticipate the most likely scenario is a bounce to a 12H lower high. If bulls can get over $8,000 we will be shaping up for an equilibrium.
I personally had 2 of 4 bids filled 7,755, 7710.
I was using daily EMA support as a guide and had bids from these levels down to $7,600.
I have two choices... sell half and put my stop under the current low to ensure small profit worst case scenario, or stick with a bit higher risk/reward and hold for $8k+ anticipating the 12H lower high.
We still have not changed the hourly trend so I will likely wait an hourly or so before I make a decision. This current bounce is very similar to the hourly bounce yesterday that started strong and quickly dumped to lower lows.
A mid day video in 7 hours will update what I have chosen to do!
I personally had 2 of 4 bids filled 7,755, 7710.
I was using daily EMA support as a guide and had bids from these levels down to $7,600.
I have two choices... sell half and put my stop under the current low to ensure small profit worst case scenario, or stick with a bit higher risk/reward and hold for $8k+ anticipating the 12H lower high.
We still have not changed the hourly trend so I will likely wait an hourly or so before I make a decision. This current bounce is very similar to the hourly bounce yesterday that started strong and quickly dumped to lower lows.
A mid day video in 7 hours will update what I have chosen to do!
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