Without hitting the 1.618 level, BTC is still very much remaining in bearish mode in medium term.
For traders still in short from much earlier, recommend holding and trailing it to at least 6,300 level.
For traders looking to turn bull, patience should be exercised till it hit 6,000 to 6,200 levels.
Thereafter wait for retracement before entering for a medium term long position. Happy trading everyone! =)
For traders still in short from much earlier, recommend holding and trailing it to at least 6,300 level.
For traders looking to turn bull, patience should be exercised till it hit 6,000 to 6,200 levels.
Thereafter wait for retracement before entering for a medium term long position. Happy trading everyone! =)