Weekly setup for BTC

Jul 28

Last week i was waiting for a short confirmation on Bitcoin, a confirmation that has never arrived. But setups are made for this: we wait the right moment to join the market, based on a cold analysis. Considering that the support area looks still strong, i will now wait for a retracement till the key level at $116.550. Around this level i will look for a rejection to enter long, targeting the resistance zone at $119.000

Jul 31

Trade active

Price perfectly rejected our leve, we are close to the target, good job!