We are just hours ahead of Bitcoin futures coming online, I'll be honest I have no idea what that will mean. I have some assumptions but I think the best thing to do is have a few scenarios to watch. Here are the two things I'll be keeping an eye on going into the futures/Monday open:
1. Nice resistance level at just below $16,000, a break above that could fuel some continuation up to previous highs
2. $10,500/$11,000 level is really calling my attention, a dip down into that zone and I will be looking for some aggressive buy entries.
I can't stress enough to be oh so careful with everything over the next 24 hours, it could get crazy and for most waiting for the "dust to settle" might be a better option for most.
1. Nice resistance level at just below $16,000, a break above that could fuel some continuation up to previous highs
2. $10,500/$11,000 level is really calling my attention, a dip down into that zone and I will be looking for some aggressive buy entries.
I can't stress enough to be oh so careful with everything over the next 24 hours, it could get crazy and for most waiting for the "dust to settle" might be a better option for most.
Note
I hope some of you guys bought into this area, we talkd about it a good bit and when it finally hit a week ago it was glorious! I talked about $10,500 and it went down to $10,400... right on the money!
Jared Johnson
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.
Jared Johnson
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.