BTC had quite a strong sell off taking out the lows of the last 2 weeks. The way price is stalling right now is evident that profit-taking is occurring. Since the start of July, the $9650 level has been pretty solid. Every time price deviated below that level it has resulted in a strong buying reaction...
However we are here again for the 4th or 5th time which is why I am not really expecting a big rally off this level anymore. I believe we're going to see a new low before the month ends!
However we are here again for the 4th or 5th time which is why I am not really expecting a big rally off this level anymore. I believe we're going to see a new low before the month ends!
Trade closed: stop reached:
Stopped out -1R.