teruskan perkongsian ilmu disini tuan semoga ia bermanfaat untuk semuaTechnical Market Overview:
The BTC/USD pair has tested the technical support located at the level of $6,798 and bounced suddenly towards the level of $7,157, creating a Bullish Engulfing candlestick pattern.
The bull did not throw a towel just yet and the next target for them is seen at the level of $7,389 and $7,482. Nevertheless, the Bitcoin is still trading inside of a narrow range located between the levels of $6,345 - $7,601 and all these inside movements are not as valid and strong as a breakout move. The larger timeframe trend remains down and there are no signals of any trend reversal just yet.
Weekly Pivot Points: WR3 - $8,243 WR2 - $7,942 WR1 - $7,641
Weekly Pivot Point - $7,288 WS1 - $6,995 WS2 - $6,660 WS3 - $6,345
The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still down. All the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend. When the wave 2 corrective cycles are completed, the market might will ready for another impulsive wave up of a higher degree and uptrend continuation.