Nearing the end-of-the-month. Will BIG DADDY push back?
As we near the end of the month, the previous week had been ranging from dead boring to - OMG surprise ninja needs. In other words volatile. This has been happening across all markets. We've re-tested the lower areas of the previous breakout areas accumulating and consolidating along the way. So a lot of yo-yo plays. But nice to see volume building.
The 3 day played a significant roll, with most of the lower time frame moves being played out in the 45min.
Worst case scenario, Should BTC want to retrace, next support level in Purple is where I see the monthly low. (blue lines are strong support/resistance lines)
So until monthly close nothing is a given.
(If anything swing trade would suffice until then)
Until then alts playing a significant roll in BTC's run.
Because Big Daddy needs his 'rent money'
But since my first post on BTC I see up.
Trade Safe and if unsure, sit on your hands.
The 3 day played a significant roll, with most of the lower time frame moves being played out in the 45min.
Worst case scenario, Should BTC want to retrace, next support level in Purple is where I see the monthly low. (blue lines are strong support/resistance lines)
So until monthly close nothing is a given.
(If anything swing trade would suffice until then)
Until then alts playing a significant roll in BTC's run.
Because Big Daddy needs his 'rent money'
But since my first post on BTC I see up.
Trade Safe and if unsure, sit on your hands.