BitcoinDiupdate March 31st Bitcoin Could this be the bottom?
A lot of people holding longs just flatly gave up right at the bottom of yesterday's candle. The volume was also the highest since this whole downmove started.
Could we be looking at the bottom then? That is a possibility i cannot rule out. But we do have many hurdles to watch out for.
Resistances to break to make the bullish case are
1. 7500
2. The 1H EMA 200 ~ 7800
3. 8000
4. The 4H EMA 200 ~ 8800
5. The Daily EMA 200 ~ 8900
6. 9000
Once these are broken we will have confirmed the bullish case. Until then we treat this upmove as a correction.
Will post any trades i make in this thread so things are kept neat.
Could we be looking at the bottom then? That is a possibility i cannot rule out. But we do have many hurdles to watch out for.
Resistances to break to make the bullish case are
1. 7500
2. The 1H EMA 200 ~ 7800
3. 8000
4. The 4H EMA 200 ~ 8800
5. The Daily EMA 200 ~ 8900
6. 9000
Once these are broken we will have confirmed the bullish case. Until then we treat this upmove as a correction.
Will post any trades i make in this thread so things are kept neat.
Catatan
Long 6830
TP 7500
SL 6650
Catatan
Move SL to breakeven
Catatan
Move SL to 6950
Trading ditutup: stop tercapai
Stop hit
returm 0.67x
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