XBTUSD - Hanging around at resistance
Good morning traders,
Giving an update to my previous idea. LInk to previous idea below. Please like my content if it is of use to you. It motivates me to generate new content.
- Clean breakthrough of the 8,889 resistance with a retest
- Now were at another resistance at 9180 levels
- BTC has twice tested this resistance
- ETH has been leading BTC so expecting BTC to pick up its pace and break this resistance
- Risk takers can long at current levels to squeeze in an additional unleveraged upside of about 1.5%
- Conservative traders can go long after break and retest of 9180 levels
- We are still in the Kumo and have not clearly broken it indicating some sellers are still active
- Nascent signs of an uptrend in BTC fromed by the green Kumo
IF BTC fails to clear the 9187 levels ,we are potentially looking at a double top which would come in to play and we could short on Daily close.
Stay safe and alert and wish you good luck with your trade. Please don't oversize your positions.
Giving an update to my previous idea. LInk to previous idea below. Please like my content if it is of use to you. It motivates me to generate new content.
- Clean breakthrough of the 8,889 resistance with a retest
- Now were at another resistance at 9180 levels
- BTC has twice tested this resistance
- ETH has been leading BTC so expecting BTC to pick up its pace and break this resistance
- Risk takers can long at current levels to squeeze in an additional unleveraged upside of about 1.5%
- Conservative traders can go long after break and retest of 9180 levels
- We are still in the Kumo and have not clearly broken it indicating some sellers are still active
- Nascent signs of an uptrend in BTC fromed by the green Kumo
IF BTC fails to clear the 9187 levels ,we are potentially looking at a double top which would come in to play and we could short on Daily close.
Stay safe and alert and wish you good luck with your trade. Please don't oversize your positions.
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