muxie

why 11400 is a tough Resistance

Kort
muxie Uppdaterad   
COINBASE:BTCUSD   Bitcoin
Note I have not professional trader, do your OWN research !

key points
- 11400 multi year resistance
- BTC is printing "knife" drop one after the other, confirming temporarily rejection to move higher
- SPX struggle at resistance
- BTC correction not complete, see related idea
- The previous run from 9000 to 11000 generated too much FOMO, remember to 1 rule "buy low sell high" and vice-versa
- Most people are in profit, distribution, correction and accumulation necessary
- The next dip may trigger a bigger bull run since people will take the opportunity.
- BTC.D still high, there is probably still room for ALTS
- Personally I think some major cap alts are more mature than on 2018 if this bitcoin halving fails they take bitcoin's dominance
- Note that on small time frames 10800 has been holding as support

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Handel aktiv:
This is fake breakout, better short instead the resistance is tough
Kommentera:
Hats off to bulls for higher lows and holding the short wicks!
maybe correction wont happen, spx also holding.
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