#REVIEW BITCOIN
One more
fakeout o
f $25k sends us back to horizontal triangle. I am still sure that the resistance will be broken, #BTC just needs more time to develop.
If somehow you are still not in Bitcoin, you may get a
nice entry at the
triangle support or even
$23500 flush! Now red level is tricky: it is only valid in case of a huge wick down and candle closure above the triangle support. So the play is simple: you can place your
buy orders near
triangle support and
just above red level!
Of course #BTC can just fly straight away, that's why you should've been
buying Bitcoin earlier. Still, DXY is strong and it can make this #BTC consolidation longer.
Note that if the triangle support is broken with a solid 4h or daily candle closure below, red level is invalid and most likely #BTC will dive lower.
