Bitcoin 1 Day Market Update
I really hope we created the bottom for the last time.
However, I'm not going to say the bottom is in.
Bitcoin only went up about $300 within these last few days, which isnt anything to start celebrating
Watch for:
- Reversal pattern on different time frames
- Strong support/ resistance at $3500 (I believe if we can hold $3500 for a few more days, then we will see more upward momentum)
- Declining volume (possible bear or bull with want to take the lead)
- Earlier in January was when the market started dumping (can history repeat itself)
I am still in USD or another stablecoin backed up USD
Many alts are going up, so take profits around the 15-30% profit areas
Cheers and to freedom and riches
However, I'm not going to say the bottom is in.
Bitcoin only went up about $300 within these last few days, which isnt anything to start celebrating
Watch for:
- Reversal pattern on different time frames
- Strong support/ resistance at $3500 (I believe if we can hold $3500 for a few more days, then we will see more upward momentum)
- Declining volume (possible bear or bull with want to take the lead)
- Earlier in January was when the market started dumping (can history repeat itself)
I am still in USD or another stablecoin backed up USD
Many alts are going up, so take profits around the 15-30% profit areas
Cheers and to freedom and riches
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