BTCUSD Bears double rejection Support, Bulls untested Resistance
The bears have now tried to breach 9300 twice and counting, as a wise saying goes "Weak waters hit on hard stone until it cracks" high chances the bears are still in control. The bulls are still to climb back to 10200 if we are to set any new uptrend until then its short happy days.
The bigger picture though, bulls are accumulating, i believe with the sheer amount of HODL preaching very few are selling under pressure and trust that the bigger picture is beyond just bulls and bears. The more bears keep shorting at the same levels the more the bulls and let me use this here "MOONBOYS" accumulate.
That said, targets: 9300 current support, 10200 current resistance, breach of 9300 see us supporting at 9000 breach of that will see us at 8500 and lowest 7500. Why dont i give many resistance levels right now? Simply because on the immediate term i see us going down rather than up.
As always, Trade Safely, Happy Trading!
A word from a bear: What goes up must come down! This is not financial advice!
The bigger picture though, bulls are accumulating, i believe with the sheer amount of HODL preaching very few are selling under pressure and trust that the bigger picture is beyond just bulls and bears. The more bears keep shorting at the same levels the more the bulls and let me use this here "MOONBOYS" accumulate.
That said, targets: 9300 current support, 10200 current resistance, breach of 9300 see us supporting at 9000 breach of that will see us at 8500 and lowest 7500. Why dont i give many resistance levels right now? Simply because on the immediate term i see us going down rather than up.
As always, Trade Safely, Happy Trading!
A word from a bear: What goes up must come down! This is not financial advice!
