BTC had a nice recovery today along with the rest of the market, but like many things, it is back to critical resistance and I expect a failure here. This 57.7k level was previous support from early August and this is the first retest since breaking below.
Final downside target would be around 50k and then we can see what happens from there. If it does break to the upside, I have supply up around 61k-62k that I think might be another good spot to expect a rejection.
Final downside target would be around 50k and then we can see what happens from there. If it does break to the upside, I have supply up around 61k-62k that I think might be another good spot to expect a rejection.
You reap what you sow.
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The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.