Hey Traders! 👋
For Day 17/100 of our challenge, we will look at BTC upside potential
Technicals:
- HL is breached and we're now in a daily downtrend
- Pivot zone at 1955 also breached and being used as resistance
- Next target is 1920 for the coming week/s
Fundamentals:
- Technical outlook points to a potentially stronger USD
- With many catalysts in play (mainly, debt-ceiling negotiation outcome), this is considered to be a high-risk play
- Be careful and collect evidences of downside pressure before committing.
Anyways, that's all for Sunday. Enjoy your extended weekend! 🥂
For Day 17/100 of our challenge, we will look at BTC upside potential
Technicals:
- HL is breached and we're now in a daily downtrend
- Pivot zone at 1955 also breached and being used as resistance
- Next target is 1920 for the coming week/s
Fundamentals:
- Technical outlook points to a potentially stronger USD
- With many catalysts in play (mainly, debt-ceiling negotiation outcome), this is considered to be a high-risk play
- Be careful and collect evidences of downside pressure before committing.
Anyways, that's all for Sunday. Enjoy your extended weekend! 🥂
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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.
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.