Let's have a look at BTC as we start this new week.
From a weekly perspective you can see how we through around the weekly gap (blue box)and respected it.
On the LTF we broke below it and failed to close below it.
From here expect us to aggressively trade back towards 110K and eventually new ATH.
IF we fail to hold the current sellside, we will revisit the weekly gap (blue box) and 105K.
As always WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
From a weekly perspective you can see how we through around the weekly gap (blue box)and respected it.
On the LTF we broke below it and failed to close below it.
From here expect us to aggressively trade back towards 110K and eventually new ATH.
IF we fail to hold the current sellside, we will revisit the weekly gap (blue box) and 105K.
As always WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.