NOT TRADING ADVICE BTC -Weekly
BTC AT CRITICAL JUNCTION
First full financial week of the month is always taxing. Market news, inflation, interest reports, unexpected/unrealised/underperformance etc. has kept BTC ranging for days.
I always take ranging that continues for long periods of time as a big warning. And of course, BTC dipped from 30K zone.
So to keep it simple:
Bull need to hold 28k minimum support otherwise next week could see 25k zone. (or even worse going back to pick up the covid/lockdown wick)
At the mercy of the 3 DAY!
Swing trades are not too bad average 3-4.6%
Support lines RED
Trade Safe
First full financial week of the month is always taxing. Market news, inflation, interest reports, unexpected/unrealised/underperformance etc. has kept BTC ranging for days.
I always take ranging that continues for long periods of time as a big warning. And of course, BTC dipped from 30K zone.
So to keep it simple:
Bull need to hold 28k minimum support otherwise next week could see 25k zone. (or even worse going back to pick up the covid/lockdown wick)
At the mercy of the 3 DAY!
Swing trades are not too bad average 3-4.6%
Support lines RED
Trade Safe
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