Bitcoin (BTC) - Weekly Setup, Better start moving!
Finally the $61,500 retest!
Thinking that many are waiting for a perfect retest of $58,600 for a diversion/confirmation move. I'm not a fan of that and would much rather see the market move up from here leaving many participants on the sidelines on an expected move below 60k.
BITCOIN has been rejected continuously on every weekly block showing a clear sign of bearish activity within this trading range. If things were to change in favor of the bulls, then $61,500 is the level to hold.
A fairly simple thought process as PA has finally shown clarity on the weekly.
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Second setup is in case the diversion/confirmation happens!
For now, Strong Long at this weekly block
Thinking that many are waiting for a perfect retest of $58,600 for a diversion/confirmation move. I'm not a fan of that and would much rather see the market move up from here leaving many participants on the sidelines on an expected move below 60k.
BITCOIN has been rejected continuously on every weekly block showing a clear sign of bearish activity within this trading range. If things were to change in favor of the bulls, then $61,500 is the level to hold.A fairly simple thought process as PA has finally shown clarity on the weekly.
_________________
Second setup is in case the diversion/confirmation happens!
For now, Strong Long at this weekly block
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