Let's have a look at BTC as the new week is slowly settling and starting up.
We've traded back towards our opening week gap (blue box).
We are currently reacting nicely and holding it.
IF we break and get a clean close below it expect us to trade back towards 98K
IF we hold expect us to trade back towards new 100K and new all time highs.
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.
We've traded back towards our opening week gap (blue box).
We are currently reacting nicely and holding it.
IF we break and get a clean close below it expect us to trade back towards 98K
IF we hold expect us to trade back towards new 100K and new all time highs.
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.
Related publications
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.
Related publications
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.