Based on the current price action BTC has broken above the 22600's resistance and can now head towards 24500's - 25000's.
Despite the following we remain in a bearish market until the 28000's is flipped.
As a continuation of yesterday's trade (long scalp) we can expect higher price action and a mark up from the current levels.
A clean close below 21900's would invalidate the current long continuation and would trigger short opportunities to the lower ranges (21000's - 20000's)
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 constitue financial advice in any form.
Despite the following we remain in a bearish market until the 28000's is flipped.
As a continuation of yesterday's trade (long scalp) we can expect higher price action and a mark up from the current levels.
A clean close below 21900's would invalidate the current long continuation and would trigger short opportunities to the lower ranges (21000's - 20000's)
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 constitue 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.