The other day, I talked to my friend @Low Gem Coin in Nigeria about BTC showing bearish signs. I was suppose to write it here, but then I got sick the past few days.
So instead of writing I decided to just post a video in another social media platform (clue, starts with T, ends with K). I can't mention here because binance will take down my post if I don't stick to the rules.
Talking is always easier than writing. So here's a screenshot of the video yesterday.
Writing about BTC in English needs lots of logic and thinking which I don't have at that point because Im in pain. 😂 But don't worry Im okay now.
Truth is, I can easily make a tech analysis about other tokens but not so with BTC. To analyze BTC I don't just look at the chart itself, I check eth, BNB, and even BTC D. BTC is complicated.
So since I'm better, I will tell you about the BTC chart now. First know that, BULL SEASON is far from over. That's a fact, but for traders to survive the harsh crypto world, we have to anticipate a dip before it strikes.
About two days ago, the KDJ oscillator has detected massive selling among whales and retail investors, creating a 57k dive down target. Since the selling was negative 10, it's best to seek a good support upon every buy entry whether you're trading in spot or in futures.
At the moment, the best chart support we have is 49k-54k. Price may bounce back upon reaching that zone or could slide to as far as 42k, until BTC has enough buy volume to climb back up again.
So what should you do? If you're trading in spot, just hold it or add some tokens at 54k or below because it's gonna go back up. 71k is still the ultimate KDJ bounce back target.
If you're stuck in futures, set a decent stop loss. The best position now is short, but make an entry at resistance. Honestly, Market is highly volatile, futures is too risky now.
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By the way, if you're still looking for a safe lowcap, x1000 token, checkout PITBULL.
