Hi Traders,
Hope everyone has had a great weekend! We're now back with another BTC update!
We've seen a rejection of the above trend line BTC is currently sticking to, and now testing our pivot point. It looks like the pivot will be broken which will bring price into the next support zone seen below. We'll look for a rejection within zone for price to then push higher and hopefully break the trendline. We also need to keep in mind that price may overshoot, if this is the case we will need to watch price action carefully due to potential break of the lower trend line being broken. If the lower trend line breaks sentiment will turn bearish for the short term. We will update again if the bearish scenario plays out.
For FREE crypto signals click the link BELOW!
Thanks
The Market Sniper Team
Hope everyone has had a great weekend! We're now back with another BTC update!
We've seen a rejection of the above trend line BTC is currently sticking to, and now testing our pivot point. It looks like the pivot will be broken which will bring price into the next support zone seen below. We'll look for a rejection within zone for price to then push higher and hopefully break the trendline. We also need to keep in mind that price may overshoot, if this is the case we will need to watch price action carefully due to potential break of the lower trend line being broken. If the lower trend line breaks sentiment will turn bearish for the short term. We will update again if the bearish scenario plays out.
For FREE crypto signals click the link BELOW!
Thanks
The Market Sniper Team
