BTCUSD July bullrun?
Diupdate
Hello again!
Today i would like to share with you an idea on BTCUSD
I found out there are 2 scenarios that are most likely to happen
First, is we follow market structure using the blue line as our support and restistance, which basically means, currently we are sitting at the support level.
By following this blue line as a support, we could expect a breakout of the market structure.
The second one is that if we fall below the blue line, expect to see a drop to around 7800 ish before bouncing up again.
Fibonacci retracement then would then be used in order to determine the support/resistance levels.
As for the RSI, it is still low, and also the stoch RSI has already become bullish.
This is not a financial advice!
Comments and feedbacks are appreciated!
Thanks
Today i would like to share with you an idea on BTCUSD
I found out there are 2 scenarios that are most likely to happen
First, is we follow market structure using the blue line as our support and restistance, which basically means, currently we are sitting at the support level.
By following this blue line as a support, we could expect a breakout of the market structure.
The second one is that if we fall below the blue line, expect to see a drop to around 7800 ish before bouncing up again.
Fibonacci retracement then would then be used in order to determine the support/resistance levels.
As for the RSI, it is still low, and also the stoch RSI has already become bullish.
This is not a financial advice!
Comments and feedbacks are appreciated!
Thanks
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