Dip looks similar to the prior ones on the 17th and 23rd

31 maj 2019

Bearish engulfing candle started a liquidation hunt on the over leveraged bulls today but from looking at the charts it may be a great area to start buying BTC again. 8100-8200 is holdings strong and points to test 8350-8400 which should dictate our short term movement based on its reaction as old support is now resistance. I do not recommend using leverage as either direction comes with a ton of risk as we all saw what happened today and it too early to say we are done from dumping. I have a self made strategy of TA so hopefully the lines are not too confusing as this is my day trading chart and not to be used for long term speculation, Good Luck!