If we look at BTC in a larger timeframe, we can see an interesting control zone that could be shaping up.
While I am only looking at this perspective as a "potential" short term move, it shows us a few things.
One of which is that we easily drop out from here, or this could be the floor for that move to 11600 region.
Unfortunately this area is also considered a "no-mans" land as I posted before, so one must use extreme caution.
If you're opening any short term positions now is a critical time to be using stop loss, but if you are a long term HODLer which I suggest, this might be a good time to add additional to your portfolio.
@originate Developer & Market Analyst