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kyer
Jul 29, 2020 5:04 PM

$BTC LONG TRADE IDEA Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin Market Breakdown - July 29th, 2020

  • As I said a few days ago, Bitcoin in accumulation along daily support ($9188) now in a parabolic wave up.

  • Hit every resistance to a Tee and has consistently broke through them as if they're nothing.

  • Should have entered well below 10k this is just the fun part letting it ride out now.

  • A pullback to $10800 support is possible, but I think it's the upwards movement now. It has already spent it's time in accumulation along there.

  • We'll see what happens to the price of BTC, it is very overbought right now and I know market makers love to play with emotions and humble us little traders, but i'm still long til $11967

  • 🎯 $11967 Resistance Level


As always please do your own research, I am not a financial advisor.
Comments
FranktheTank4
Always appreciate your ideas. Nice to see BTC above 10k again. Cheers!
kyer
@FranktheTank4, thank you!! Very happy about BTC hitting 10k again
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