Daily BTC review: Bitcoin still not in comfortable position
***Hello crypto fam, I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇
I would really like to say Bitcoin is looking good, amazing, and ready to rock and roll, BUT BUT BUT...let's hold our horses, and let's be honest here, if you ask me, and unlike other influencers, I am not gonna paint some fancy picture depicting $45K, $60K bitcoin by tomorrow. Rather opposite to that, I am going to tell you that it is still not looking good, and I am not comfortable with it at the moment. Until we get a close above $36.500 I am not going to feel any good about this.
As of writing this, we have a clear rejection on 4hr chart from the previous resistance zone. So It's really a good idea if you wanna take some profit off the table and let the remaining position run.
If and when we get a breakout and retest off the $36.5K zone, I suggest you add more.
Today's daily is still not closed yet, so I am not extremely bearish on this yet, but one or two negative closes in the area may not be good.
Let's hope we pump soon. Until then keep an eye on your position and happy trading
I would really like to say Bitcoin is looking good, amazing, and ready to rock and roll, BUT BUT BUT...let's hold our horses, and let's be honest here, if you ask me, and unlike other influencers, I am not gonna paint some fancy picture depicting $45K, $60K bitcoin by tomorrow. Rather opposite to that, I am going to tell you that it is still not looking good, and I am not comfortable with it at the moment. Until we get a close above $36.500 I am not going to feel any good about this.
As of writing this, we have a clear rejection on 4hr chart from the previous resistance zone. So It's really a good idea if you wanna take some profit off the table and let the remaining position run.
If and when we get a breakout and retest off the $36.5K zone, I suggest you add more.
Today's daily is still not closed yet, so I am not extremely bearish on this yet, but one or two negative closes in the area may not be good.
Let's hope we pump soon. Until then keep an eye on your position and happy trading
