BTC Resistance Test
Updated
BTC managed to bounce after falling well below the 
59K area, but it failed on a retest of a previous low. It's retesting another previous low now and I expect it to fail again. First target is still the demand below as shown in my last BTC idea.
59K area, but it failed on a retest of a previous low. It's retesting another previous low now and I expect it to fail again. First target is still the demand below as shown in my last BTC idea.Note
BTC broke above that resistance after a small rejection. Currently rejecting the next area of resistance I have around $8,456. I still expect demand to hit at some point, but if it can reclaim the 59K-61k area I'd be a lot more cautious with shorts. All eyes should be on 59.3k IMO.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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.