in LeoFinance •  2 months ago 

BTC has been moving down today and broke through the trading range of 6600 level. While it find support at 6200 level, it is struggling to rebound back to the 6600 and consolidating right now which I suspect it may go down if there is a big move coming.

For those who like to bottom fishing, one quick criteria I will use is whether it could close above certain EMA in 15 minutes timeframe. This will help you not to catch falling knife when it go down, allow the price action to develop a little bit and hold for a certain period (4 bars mean 1 hour) such that you can reduce your bet for more pips.

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Posted via Steemleo

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