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BTCUSD daily: bulls died at 10K. 7500 USD up next(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: BTCUSD daily chart review ::: Bulls failed at 10K USD again ::: rising wedge near highs - BEARISH ::: expecting breakdown soon ::: this is not a trade setup ::: technical outlook only ::: based on VPVR low volume pocket ::: is near 7500 USD, that's TP bears ::: position traders should SHORT rallies/rips ::: my target rate is 7500 USD within 2-3 weeks ::: having said that 8400 is FRESH DEMAND ZONE ::: so may provide a short-term BOUNCE (9500 USD) ::: good luck traders ::: see you at 7500 USD 🔸 Supply/Demand Zones ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook short-term: BEARISH
I don't agree. Fed printing a Trillion a month now
randallprince
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@TradeHappyKyle, Not enough spending for inflation ... let alone for that money to make its way to BTC. All that printing only translates into higher BTC price if people are using that cash to actually buy up 'coin.