Current situation
Bitcoin has been trading in a tight sideways movement for the recent days. Even though the new money poured in, but most of that was put into Bitcoin, bringing up the trading volume. On the other hand, Altcoins were suffering to maintain the momentum. Therefore the altcoin market is trading in red recently.
Potential move
From the current setup, I would like to setup stop-loss if BTC to have a significant break out to the lower levels.
If you want to grab Bitcoin and Altcoins, there are some levels to consider:
- $6450
- $6300
- $6150
If Bitcoin to reach those levels, we can expect a significant recovery to form a new chart.
Disclaimer: Please trade with stop-loss and make your own decision and this post is for informative purpose only.