Going as planned! - 07.27 update
Hey guys! 1PERCENT here :)
It turned out the news about the bitcoin payment by Amazon was a rumor, which caused bitcoin to fall.
On the chart it seems like the 05.19 range high is acting as a strong resistance. I mentioned that if we take $35040 we will see higher levels and there you go!
We can see that BTC is currently stalling on the local range support. The important part to pay attention will be the red trendline. If broken we'll see a deeper pullback, if it bounces off of it, we'll resume the uptrend.
As you can see we are still range bound and it seems to be safer to not chase the trend but to play level to level using ranges.
In the longterm, the crypto market still seems optimistic and we think that it's a good place to start stacking spot long positions for the next bull run.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
It turned out the news about the bitcoin payment by Amazon was a rumor, which caused bitcoin to fall.
On the chart it seems like the 05.19 range high is acting as a strong resistance. I mentioned that if we take $35040 we will see higher levels and there you go!
We can see that BTC is currently stalling on the local range support. The important part to pay attention will be the red trendline. If broken we'll see a deeper pullback, if it bounces off of it, we'll resume the uptrend.
As you can see we are still range bound and it seems to be safer to not chase the trend but to play level to level using ranges.
In the longterm, the crypto market still seems optimistic and we think that it's a good place to start stacking spot long positions for the next bull run.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.