#BTCUSD Is it too late to ENTER? Or wait for the dip!

31 jul 2020

Bitcoin is currently trading around $11300 while I am writing this update. I still think a retest is possible to the 9780 to 10700 level :
$9780
$10427
$10780
This levels are yet to be tested.
According to the chart RSI is highly overbought though MACD doesn't show a sell signal yet. I am 20% in USDT right now and still waiting for the dip. Sooner or later we will see a dip. Nothing goes up forever it needs to rest and accumulate some energy to continue the trend.
Important Resistance Levels are marked in the chart itself please observe.
Break above 11800 will invalidate this setup for the short term.
I will still not buy unless these levels are tested, If there's any change in plan I'll let you know.
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The next few days are gonna be very crucial for all of us so stay with me.

Thanks for reading

1 ago 2020

Nota

#BTCUSD: 6 hour Chart: I would simply say that BTC is overbought and overextended. There's a much needed retracement.
If you dont remember this we had a CME Gap around 11600 to 12200 since very long which just got filled. There's a chance that we can see BTC hitting the 12k zones but IMO buying here is not a good idea at all. We should wait for the retracement. Though you're free to make your own decision (Not financial advice).