gregoirejohnb

Classic "resistance turned support" in BTCUSD

BITFINEX:BTCUSD   Bitcoin
The 7750 level was the resistance level in June which sent BTC to the depths of 6K. Now it's being used as support. The VPVR gaps mean we'll likely zoom back above 8K, go sideways, and then zoom to 8900.

This is one of the best setups you'll find.

Target: 8900. Trade duration: 1 week. Stop: 7500-7600 depending on entry and risk.

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