Bitcoin Holding below 7600 confirms failure
Updated
Bitcoin holding below 7600 confirms failure, targeting 7500/7495 (now hit), perhaps as far as 7330/10 today. On further losses look for 7200/7190 before the May low at 7035/25.
Minor resistance at 7500 with stronger resistance at 7600/7620. Above 7650 meets a selling opportunity at 7720/40, with stops above 7800. An unexpected break higher targets 7950/8000, perhaps as far as 8140/8180.
Minor resistance at 7500 with stronger resistance at 7600/7620. Above 7650 meets a selling opportunity at 7720/40, with stops above 7800. An unexpected break higher targets 7950/8000, perhaps as far as 8140/8180.
Note
Bitcoin holding above 7600/7620 to target a selling opportunity at 7720/40, with stops above 7800. An unexpected break higher targets 7950/8000, perhaps as far as 8140/8180. Holding below 7600 confirms failure, targeting 7500/7495 (now hit), perhaps as far as 7330/10 today. On further losses look for 7200/7190 before the May low at 7035/25.
Failure to hold above 7600 targets minor support at 7510/00 then 7400/7390. Below 7360 meets minor support at 7320/00.
Trade closed: stop reached
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