Bitcoin is breaking through $4000 (Resistance Level 1 as I previously identified) as I write this post.
I am republishing this post because I am showing you NEW INFORMATION which is the YELLOW AREA which I regard as DANGER ZONE where it can fail and retrace.
So i'm looking to ride it up to this price as it breaks through Resistance 1 and 2 but, as it approaches the YELLOW DANGER ZONE I strongly suggest tightening up your stops.
Some of you may also have noticed an H&S pattern forming.
IF it hits this price zone we reassess and form a Plan.
Make sense. Hope that helps.
Sean Vengan
Professional Trader and Trading Educator
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