$BTC was still calling for a run to 90,000 yesterday, and today we're already down to 82,000. Exciting, huh? The crypto market has a way of humbling everyone.
The 2-hour chart is clearly in a bearish alignment, with EMA15 turning downward and the MACD histogram bars still growing. And you’re talking to me about a reversal?
The 15-minute chart did find some support at the lower band around 82,440. The histogram bars are shrinking, and TD printed a low 9—there may be a small bounce, but that’s for trimming your position and getting out, not for buying the dip.
Mark these levels:
Short the bounce at 83,400–83,500, stop-loss at 83,900, target 82,800.
If you want to bet on a bounce, take a small long at 82,400, stop-loss at 82,150, and take profits while you can.
Don’t try to call the bottom—there’s still a basement below. If you found this useful, give me a follow. Let’s stay alive in this market together and get rich slowly.
The 2-hour chart is clearly in a bearish alignment, with EMA15 turning downward and the MACD histogram bars still growing. And you’re talking to me about a reversal?
The 15-minute chart did find some support at the lower band around 82,440. The histogram bars are shrinking, and TD printed a low 9—there may be a small bounce, but that’s for trimming your position and getting out, not for buying the dip.
Mark these levels:
Short the bounce at 83,400–83,500, stop-loss at 83,900, target 82,800.
If you want to bet on a bounce, take a small long at 82,400, stop-loss at 82,150, and take profits while you can.
Don’t try to call the bottom—there’s still a basement below. If you found this useful, give me a follow. Let’s stay alive in this market together and get rich slowly.