U7 • Bitcoin • The control point where we can...
Updated
Welcome to another "Under 7" minute Bitcoin update.
The 23.2 is currently a very useful control point where trades in both directions can be taken with very clear nearby invalidation levels.
As I walk through the video, you can see how the orders in the books are currently shaping especially around the nearby 20.5 range
I'm still currently Long biased despite here I see a possibility to be heading any long exposure and a possible correction into those lows described in the video.
Down there will offer, I think, the chance to long and return to the Daily trend with a possible target into the 28-32k IF we manage to get past the resistance orders chilling at 25k.
The 23.2 is currently a very useful control point where trades in both directions can be taken with very clear nearby invalidation levels.
As I walk through the video, you can see how the orders in the books are currently shaping especially around the nearby 20.5 range
I'm still currently Long biased despite here I see a possibility to be heading any long exposure and a possible correction into those lows described in the video.
Down there will offer, I think, the chance to long and return to the Daily trend with a possible target into the 28-32k IF we manage to get past the resistance orders chilling at 25k.
Note
D7R
Related publications
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.