BTCUSDT
It is going down toward 9000.
- MACD shows the trend of crossing downwards.
- MA 5 also just crossed MA 10 downwards.
- Based on the resistance line, there were already 3 hits so it might take a bigger leap downwards this time.
As long as the trend keeps the same momentum, it should break 9000 within several candles, like in 1 to 2 days.
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It turned out that there's a big bounce upwards before hitting 9000. I would prefer stop loss right now for the reasons that:
- The big band of Bollinger Band gets to its narrow part. The price might get stuck there for a while.
- The general market is still bullish. Personally I believe it will go up back to 12000 or 13000 in a few days. Before confirming the trend that it's still bearish, playing safe is a good strategy.
- The big band of Bollinger Band gets to its narrow part. The price might get stuck there for a while.
- The general market is still bullish. Personally I believe it will go up back to 12000 or 13000 in a few days. Before confirming the trend that it's still bearish, playing safe is a good strategy.