BTC USD - showing longs
Hello,
We have currently had a second all time high for BTC reaching the weekly high again.
We now have two great imbalance ones at 16,000 and one below on a weekly $15,000.
Looking at our rejection yesterday on a slim volume day, BTC does not derive of the dollar as much as contrary to belief.
This non Fiat currency is now showing support and fresh buys at 16,000.
Again, we will trade upon confirmation where price taps again to retest or rejection has occurred and $20,000 is the next long target to hold.
If price chooses to break 16k, this in invalid and our lower zone comes into force.
Many thanks,
good luck in your trading.
Lupa
We have currently had a second all time high for BTC reaching the weekly high again.
We now have two great imbalance ones at 16,000 and one below on a weekly $15,000.
Looking at our rejection yesterday on a slim volume day, BTC does not derive of the dollar as much as contrary to belief.
This non Fiat currency is now showing support and fresh buys at 16,000.
Again, we will trade upon confirmation where price taps again to retest or rejection has occurred and $20,000 is the next long target to hold.
If price chooses to break 16k, this in invalid and our lower zone comes into force.
Many thanks,
good luck in your trading.
Lupa
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