hello,
btc btc btc, sigh.
I will keep it short. If we break the white resistance we will move to 3700-3760 but i really do not see use going higher (except for a stophunt) but for now it seems the resistance is holding up well it has been a week for btc to struggle and break the 3650 zone(with conviction). we can only stay here for so long and soon a side will be chosen. If the market chooses the downside we will go to 3500 again and see how btc reacts there the other times btc did only went there with a wick because there are alot of orders over there. after that 3300 will soon be tested. I lean towards the bear side but you know BTC a 100 dollar candle within 5 minutes is normal.
the market is very choppy, stop hunts left and right just be careful. The best position at this moment would really be no position. But if you do, make sure to use capital management and manage that risk.
Nothing i said is financial advice, do your research and only risk money that you are willing to lose.
Good luck on the field.
btc btc btc, sigh.
I will keep it short. If we break the white resistance we will move to 3700-3760 but i really do not see use going higher (except for a stophunt) but for now it seems the resistance is holding up well it has been a week for btc to struggle and break the 3650 zone(with conviction). we can only stay here for so long and soon a side will be chosen. If the market chooses the downside we will go to 3500 again and see how btc reacts there the other times btc did only went there with a wick because there are alot of orders over there. after that 3300 will soon be tested. I lean towards the bear side but you know BTC a 100 dollar candle within 5 minutes is normal.
the market is very choppy, stop hunts left and right just be careful. The best position at this moment would really be no position. But if you do, make sure to use capital management and manage that risk.
Nothing i said is financial advice, do your research and only risk money that you are willing to lose.
Good luck on the field.
Comment:
resitance still holding up well, i warned about the spikes and stophunts. Another spike to the upside happend.
Trade active:
Typical btc clues suggest downward move is more likely and again that 100 dollar pump in 5 minutes like i told you guys could happen :). However btc reached the resistance i said it would and it is denied instantly and perfectly. a short oppurtinity was at the box but for now i would hold still. still leaning bearish.