Crypto Market VLOG #19 - Lower than 55k is needed!
Yesterday I gave a 50/50 we go down, to which I was bearishly leaning towards the downside. In hindsight I think all that was needed to justify a move down was simply the lack of volume and the overall weakness in attempts to break 58k and 59k.
We saw again BTC attempt 58k and fail right before the 55k plunge. That was a sad effort at a rally!
Today I'm seeing a 12 hour reversal to go at least sideways. I called it early on the stream, but the safer call is waiting for a higher low, then you could place a few trades. BUT, I expect us to test lower over the next 24 to 48 hours.
Shoutouts to todays featured tradingview ideas authors: MMBTtrader, Helical_Trades, @plancton0618
=== TimeStamps ===
0:00 = Apologies in advance my hay fever!
1:00 = BTC TA update
3:00 = Major descending trend line now resistance
5:20 = Called this dip
7:50 = Calling another trend reversal
9:00 = MMBTtrader - He called this dip! well done
9:55 = Helical_Trades - Discusses opportunity here to gain BTC sats via alts
13:20 = Expanding on Helical trades idea to gain BTC sats
15:50 = @plancton0618 - rising wedge could indicate move down
19:00 = Closing words
We saw again BTC attempt 58k and fail right before the 55k plunge. That was a sad effort at a rally!
Today I'm seeing a 12 hour reversal to go at least sideways. I called it early on the stream, but the safer call is waiting for a higher low, then you could place a few trades. BUT, I expect us to test lower over the next 24 to 48 hours.
Shoutouts to todays featured tradingview ideas authors: MMBTtrader, Helical_Trades, @plancton0618
=== TimeStamps ===
0:00 = Apologies in advance my hay fever!
1:00 = BTC TA update
3:00 = Major descending trend line now resistance
5:20 = Called this dip
7:50 = Calling another trend reversal
9:00 = MMBTtrader - He called this dip! well done
9:55 = Helical_Trades - Discusses opportunity here to gain BTC sats via alts
13:20 = Expanding on Helical trades idea to gain BTC sats
15:50 = @plancton0618 - rising wedge could indicate move down
19:00 = Closing words
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