PardoFX_Trading

BTC Still Bearish

BITFINEX:BTCUSD   Bitcoin
No Trade Now - Bearish Outlook above Demand Zone. Wait for break of Line or a fall below the 38.2

Bearish below 50/100/200 EMA & Trendline after completing a 61.8 retracement but now approaching strong Support at the 38.2% of the entire history (For the 4th Time)

Potentially Bullish off the support area with help from the Bollinger Band Outer but be warned price could still drop below $8000 probably worth staying out of a BUY until a push out of trend or above EMAs

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