Did BTC/USD begin a new trend? Or we are at a greater risk-zone?
BTC/USD COINBASE:BTCUSD
Not intended to be a piece of financial advice.
BTC positive reversal is likely to establish a new trend. It will be great to see it closing at about 32300 on Tuesday. The pair at a weekly close above 28700 is already a welcoming note.
Some swings may occur as some brutal hands might take some profits home against a 25ish bottom purchase made a week ago. If the profit-taking is significant, the indicator should flash Purple Arrow (Exit). Iβll be checking 15m swing to 1hr timeline, and then review 4hr and 8hr respectively.
