Bears are winning todays Bitcoin BATTLE.
As stated in prior updates this morning i expected to see the range at 19.5k taken by the bears and then for them to follow up with a line in the sand at 19.4k for the next TEMP. line of R.
This has taken place and the bears co0ntinue to remain in control and i foresee them continuing to walk the Bulls down level by level. The next level they are taking is the 19.3k range unless the Bulls step in with more aggressive buying orders this will shortly become another level lost to the Bears.
In the bigger picture all of this is a GREAT range to begin DCA and or accumulating your start to a Bitcoin future. However, if you're trying to trade daily/weekly/level by level than this is the information you're most likely looking for.
This has taken place and the bears co0ntinue to remain in control and i foresee them continuing to walk the Bulls down level by level. The next level they are taking is the 19.3k range unless the Bulls step in with more aggressive buying orders this will shortly become another level lost to the Bears.
In the bigger picture all of this is a GREAT range to begin DCA and or accumulating your start to a Bitcoin future. However, if you're trying to trade daily/weekly/level by level than this is the information you're most likely looking for.
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