Bitcoin broke north and brought crypto back to life, it is only healthy to remain cautious and any pull-back around now should be seen as an opportunity.
Media is beginning to get on board with the idea that the bear season is over, which could fuel some outsiders to get involved. This resistance break or pull-back will not be ignored by the traders so ensure your orders are set or I am sure you'll be greeted with the "system overload" message.
> Price has twice rejected (weak, 2 touches) resistance from previous lows.
> Will hedge until 8540ish for clean break then
Media is beginning to get on board with the idea that the bear season is over, which could fuel some outsiders to get involved. This resistance break or pull-back will not be ignored by the traders so ensure your orders are set or I am sure you'll be greeted with the "system overload" message.
> Price has twice rejected (weak, 2 touches) resistance from previous lows.
> Will hedge until 8540ish for clean break then
Note
Yawn, still just shorting any failed attempts and holding spot BTC.A clean break for me is now in the 8620 area where it I will likely start longing retests if BTC keeps playing this line.
Note
Price broke through last week and has been respecting the upper line as its supports.There are only a few bearish tends/lines etc that can be drawn now.
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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.