BTC/USD (Found Short-term Support?)

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD


-Bitcoin bounce off perfectly at 0.618 Fib with the confluence of 200ma support
-A more than 5% small run-up giving some Altcoins a relief day
-I think the Bulls showed some strength in the short term
-Things are about to get choppy now because
-The price is already trading Between the 50ma and 200ma zone
-The market is switching to range-bound trading
-This is the time where Altcoins gets benefited
-When BTC moves sideways, money flows back to Alts
-It does not mean you will go all-in in Altcoins
-You still need to follow proper risk management
-And have a solid trading plan
-Once the trade goes against you
-Good luck and have a nice day! :)



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