Bitcoin - A Deeper Look
If we follow this chart, the levels are clear.
Bitcoin is doing exactly as it should be doing.
We are looking for invalidation by holding in the 7300-7700 zone to wash away our current bear bias.
We are looking for 6100-6600 to hold as our support. Which was once our old range high/range low.
A failure to hold the current 7400-7700 has me believing we see more downside. The monthly chart is telling of the big picture.
Keep calm, be patient. Over trading in this space is the downfall of most traders. Zoom out, relax.
Bitcoin is doing exactly as it should be doing.
We are looking for invalidation by holding in the 7300-7700 zone to wash away our current bear bias.
We are looking for 6100-6600 to hold as our support. Which was once our old range high/range low.
A failure to hold the current 7400-7700 has me believing we see more downside. The monthly chart is telling of the big picture.
Keep calm, be patient. Over trading in this space is the downfall of most traders. Zoom out, relax.
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