78.6K is the next one to upside
Morning folks,
So, our " signal level" of ~68.6-69K has been broken and bullish setup has been set. Those who have used Stop "buy" entry orders should have good results.
Now the trading process is relatively simple. All that you need to do is to control 68.6-69K area. Because you do not want to see bearish reversal swing on BTC and drop back under long-term former resistance area again.
Other words, 68.6-69K is an invalidation point for current bullish action. So, if you intend to buy, you could consider 70.5K and 68.6K levels
So, our " signal level" of ~68.6-69K has been broken and bullish setup has been set. Those who have used Stop "buy" entry orders should have good results.
Now the trading process is relatively simple. All that you need to do is to control 68.6-69K area. Because you do not want to see bearish reversal swing on BTC and drop back under long-term former resistance area again.
Other words, 68.6-69K is an invalidation point for current bullish action. So, if you intend to buy, you could consider 70.5K and 68.6K levels
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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