ZonedOutDad

BTC ranging and searching for recovery

ZonedOutDad Updated   
BITFINEX:BTCUSD   Bitcoin
observing a fair amount of selling/resistance going on at this 9,300 zone. It seems if we break below 8100 it'll be a quick free fall to the lower levels. However, also noticing the flat cloud at 10,400. It seems most probable that price will get sucked up to that region as it 'reverts to the mean'. Holding BTC for the moment and watching for invalidation if we break for a lower low on good volume
Comment:
I'm not done with BTC yet. Despite all its done recently, i still see it as ranging and looking for recovery. BTC IS, and i'd double underscore the word is, digital gold. Period.
Trade closed manually:
Dragged this too long. Just became hodl-ing at this point.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.