BTC ranging and a rejection will send it back down 25%
BTC is ranging in a very large channel at the moment and got rejected around the 41 000 dollar area not too long ago. It seems BTC is going to try again but another rejection at this level can send it back down to the 30 500 dollar area where we have seen BTC find proper support.
We will definitely trade a momentum breakout from the 41 000 dollar area. If this area does not act as resistance again and BTC does not get rejected here we will most certainly see new ATH's from BTC quite soon.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
We will definitely trade a momentum breakout from the 41 000 dollar area. If this area does not act as resistance again and BTC does not get rejected here we will most certainly see new ATH's from BTC quite soon.
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-
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.