Bitcoin July Update ! The TOP ??
So at 23.59hr on 30th June, which was our key trading date. 1 out of our 4 trading scenarios played out .
Which was —
If Bitcoin price stays below 9158 with a controlled supply on a higher daily timeframe - its a bullish signal .
This scenario played out to perfection.
Some interesting thing I noticed on the chart -
Monthly timeframe- monthly chart saw bitcoin having a limited sell supply . Hence I’m expecting a green candle moth
WEEKLY timeframe : the weekly chart has a Bull flag/ bear trap chart pattern. This chart pattern is usually a bullish pattern .
Higher Daily timeframe - There seem to be exhaustion in supply hence I’m expecting more demand
In summary -
I’m a bull on the monthly timeframe expecting a green candle month!
What’s next for me ?
I will swing through this trade using the higher daily timeframe since btc won’t just move up up the whole of the month .
Key resistance to look out for -
9300 , 9500 , 9700 , 9900 , 10, 400 , 11, 200
Which was —
If Bitcoin price stays below 9158 with a controlled supply on a higher daily timeframe - its a bullish signal .
This scenario played out to perfection.
Some interesting thing I noticed on the chart -
Monthly timeframe- monthly chart saw bitcoin having a limited sell supply . Hence I’m expecting a green candle moth
WEEKLY timeframe : the weekly chart has a Bull flag/ bear trap chart pattern. This chart pattern is usually a bullish pattern .
Higher Daily timeframe - There seem to be exhaustion in supply hence I’m expecting more demand
In summary -
I’m a bull on the monthly timeframe expecting a green candle month!
What’s next for me ?
I will swing through this trade using the higher daily timeframe since btc won’t just move up up the whole of the month .
Key resistance to look out for -
9300 , 9500 , 9700 , 9900 , 10, 400 , 11, 200
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