BTC/USD (New All-Time High?)

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD

-Bitcoin hits an All-Time High today after breaking its recent top
-It is not a strong breakout given the fact it is already a 22% increase from swing support
-We have local support of around 18.9k-18.6k dollars
-This is not a key level but a good area if BTC can hold for the next few days
-My only advice is not to FOMO and even short the market
-Because there is no sign of weakness and buying strength is extremely high
-This is not a buying opportunity either
-I'm talking about a swing trading idea (Not scalp or long term)
-Please wait at a good area for potential rebuy
-Provided there is reversal sign
-Or if looking for a counter-trend, wait for a proper break of support
-Before opening a sell position





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