Taking a look at the Bitcoin Daily chart. We're at a crossroads with our precious Bitcoin (and all of crypto).
Bitcoin has shown remarkable resilience in the face of some serious FUD (Binance lawsuit + SEC warpath on all of crypto).
We’re approaching and beginning to test the zones of Summer ‘22 (blue zone), with most traders weighing the possibility of a push to $30K.
If we get a hard rejection at 30 ,000, a sharp move back down is what we’re eyeing up. Which is that blue demand zone we’ve mapped out.
However, if we see a continued push and price consolidation above 30 ,000, 32 ,000 would be next in line (bulls would be jacked up). To add to the bullish case, we are currently in a bull flag.
These next few weeks will be interesting as both stocks & crypto are approaching key price levels.
We've also drawn out a few bullish and bearish zones that could potentially be nice short/long opportunities.
If we see a strong push-up towards 31-32K, getting short would look quite enticing.
On the flip side, if we see a downward spiral toward the 19-20K area, and even below that, these would be juicy buy & hold prices (at least we think so).
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
As always, eyes peeled out there team. See ya in the next one.
Bitcoin has shown remarkable resilience in the face of some serious FUD (Binance lawsuit + SEC warpath on all of crypto).
We’re approaching and beginning to test the zones of Summer ‘22 (blue zone), with most traders weighing the possibility of a push to $30K.
If we get a hard rejection at 30 ,000, a sharp move back down is what we’re eyeing up. Which is that blue demand zone we’ve mapped out.
However, if we see a continued push and price consolidation above 30 ,000, 32 ,000 would be next in line (bulls would be jacked up). To add to the bullish case, we are currently in a bull flag.
These next few weeks will be interesting as both stocks & crypto are approaching key price levels.
We've also drawn out a few bullish and bearish zones that could potentially be nice short/long opportunities.
If we see a strong push-up towards 31-32K, getting short would look quite enticing.
On the flip side, if we see a downward spiral toward the 19-20K area, and even below that, these would be juicy buy & hold prices (at least we think so).
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
As always, eyes peeled out there team. See ya in the next one.
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