Short video following up on two previous videos, which mentioned sub 9k and the 7k range and why i thought we would see BTC roll over and head down to those areas.
Even though we are seeing a little run up on BTC this morning, I believe it's a bull trap and the 200EMA area will hold as solid resistance. That's not to say we wont see a run/spike up to low 11k, but price in my opinion will roll over and head down to the green zone i just drew on my charts at the end of this week.
I hope you enjoyed... give a like and leave a comment on what you think will happen this week in BTC.
Even though we are seeing a little run up on BTC this morning, I believe it's a bull trap and the 200EMA area will hold as solid resistance. That's not to say we wont see a run/spike up to low 11k, but price in my opinion will roll over and head down to the green zone i just drew on my charts at the end of this week.
I hope you enjoyed... give a like and leave a comment on what you think will happen this week in BTC.
تم فتح الصفقة:
I'm thinking this run up is a bull trap... I could be wrong, but i would be very caution with long entries... I believe it could run up all the way to 11700 or so before we see a roll over.
تم فتح الصفقة:
Would appear a lower high is or has just been put in place.
Looking at the 200EMA as next support level and a break should see price action test the upward trendline.
I still believe we'll see a break there and sub 9k is around the corner.
Looking at the 200EMA as next support level and a break should see price action test the upward trendline.
I still believe we'll see a break there and sub 9k is around the corner.
