Repetitive scenario with BTC
Updated
Following my previous post, there are two resistance points to break at this point (Blue and light blue lines). This will create some sideways movement but if breaks these levels more upside until the 12K mark.
BTC should still experience a decent correction to the 8ish after a new ATH.
This is a no trade zone though. We need confirmation before placing orders.
BTC should still experience a decent correction to the 8ish after a new ATH.
This is a no trade zone though. We need confirmation before placing orders.
Comment
Hard time breaking and confirming that first resistance line. Further decline should trigger the correction, if we can confirm that first resistance break then it'll go up. to watch closely now.Trade closed: target reached
Sideways movements as expected and broke the resistance levels. 12K target reached. Should review next move in a post coming up soon.
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