BTC is trading in a perfect ascending triangle and is very close to breaking out of it, the price pushing against the resistance of the upper trend and this usually means it wants to breakout to the upside. However it can also be testing this level which is a strong resistance and get rejected here. I do personally feel a breakout can happen from here which is why we are considering a momentum long order above this level, We do also feel that waiting for a breakout and catching a retest of this level as support will be a much safer way to trade it.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.