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Market Update-
After a week of red candles on the daily chart, BTC has seen a good bounce from our previous resistance/ support level at $22.5k.
This has created another higher low on the chart, but right now is trying to break above $23.5k resistance.
However, the most important resistance level that we still want to see taken out is $24.5k on the daily chart.
This is to invalidate the ascending channel/ bear flag.
Another rejection in this area increases our chances of a bigger move down.
After a week of red candles on the daily chart, BTC has seen a good bounce from our previous resistance/ support level at $22.5k.
This has created another higher low on the chart, but right now is trying to break above $23.5k resistance.
However, the most important resistance level that we still want to see taken out is $24.5k on the daily chart.
This is to invalidate the ascending channel/ bear flag.
Another rejection in this area increases our chances of a bigger move down.
Market Update-
Yesterday's candle confirmed the higher low on the BTC daily chart.
We still have the perfect situation for scalpers as we continue to trade within the right range.
BTC can be shorted in the $23.4k area, with a stop under $23.7k, and longed in the $22.6k area with stops below $22.4k until the range is broken out of.
Yesterday's candle confirmed the higher low on the BTC daily chart.
We still have the perfect situation for scalpers as we continue to trade within the right range.
BTC can be shorted in the $23.4k area, with a stop under $23.7k, and longed in the $22.6k area with stops below $22.4k until the range is broken out of.
Market Update-
No real change since yesterdays update, with the price just ranging within a few hundred dollars.
Have not yet tested the $23.5k resistance again.
But simply flip $24.5k daily and head towards $28k, or pull back from here and we likely test the $21k zone.
BTC needs to close above $23,350 today to see another green candle on the weekly chart.
No real change since yesterdays update, with the price just ranging within a few hundred dollars.
Have not yet tested the $23.5k resistance again.
But simply flip $24.5k daily and head towards $28k, or pull back from here and we likely test the $21k zone.
BTC needs to close above $23,350 today to see another green candle on the weekly chart.
Market Update-
BTC back above our first level of resistance at $23.5k, and closed the last 4h candle above this which is a good sign for a continued move up.
But we must be cautious as always leading into the US stocks open on a Monday.
This week we also have the CPI print on Wednesday which is very likely to cause big volatility.
$24.7k is now the level we need to see a close above on the daily to break from this current channel.
BTC back above our first level of resistance at $23.5k, and closed the last 4h candle above this which is a good sign for a continued move up.
But we must be cautious as always leading into the US stocks open on a Monday.
This week we also have the CPI print on Wednesday which is very likely to cause big volatility.
$24.7k is now the level we need to see a close above on the daily to break from this current channel.
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Season started lets print money
Btc to 26k coming days
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