Bitcoin BTCUSD On The Brink Next Buy and Sell Points TodayBitcoin BTCUSD Update Next Buy and Sell Points
The overall technical picture has not changed for the better
as yet. Bitcoin is now on the brink, staring at a large 2000
point abyss. Even at these lower levels where it found willing
buyers late last week, today it finds none. Dead cat bounce.
It's still a speculative buy at 7700 and close but only with a
tight stop just under 7690 for small loss if wrong and ready to
reverse this position to short if 7680 gives way looking for
7430 to begin with. Then once this level gives way it becomes
an aggressive short back to 5591 whhere it should get a good
bounce again.
The other potential long entry point will come if 7700
continues to hold out - then need to see it take back 7945 line and
hold up there and then break above 7820 annd hold again at
7945 on that next retest...then can look to enter longs with
stops below 7900.
