BTC is still heading downward and is barely ending the days above the 200 SMA which shows lack of support.
The price spiked slightly over 9,800 as expected earlier to pick the stop order at 9,800.
The bears are still stronger than the bulls on the DMI with a strong downtrend, i would not go long on BTC unless i see developments on DMI with candles making a hammer or a morning star. if that happens my sell would be on the descending channel or 10,000 depending on how strong the trend is.
this is not a financial advise by any means.
The price spiked slightly over 9,800 as expected earlier to pick the stop order at 9,800.
The bears are still stronger than the bulls on the DMI with a strong downtrend, i would not go long on BTC unless i see developments on DMI with candles making a hammer or a morning star. if that happens my sell would be on the descending channel or 10,000 depending on how strong the trend is.
this is not a financial advise by any means.