Hi Traders,
I have Bitcoin on my radar today, It seems price has now rejected support for the second time, Price has now started moving away from the support and I love that it has created a minor resistance before breaking higher,
I Want to see price come back into my support area before I will consider getting involved. We also have clean range to the left so If price takes off we should not have any difficulty for price to continue the push.
This setup will have failed if price drops and continues dropping without any signs of stopping. If price continues straight to my target of 31351.75 I will not chase this trade.
Let's remain patient and see what Price does.
Renaldo Philander
I have Bitcoin on my radar today, It seems price has now rejected support for the second time, Price has now started moving away from the support and I love that it has created a minor resistance before breaking higher,
I Want to see price come back into my support area before I will consider getting involved. We also have clean range to the left so If price takes off we should not have any difficulty for price to continue the push.
This setup will have failed if price drops and continues dropping without any signs of stopping. If price continues straight to my target of 31351.75 I will not chase this trade.
Let's remain patient and see what Price does.
Renaldo Philander