BTC: Two Likely Scenarios I'm Watching
Bitcoin hasn't yet been able to break out above the diagonal resistance that formed after the most recent high.
Until we're able to do a bump-and-run ABOVE this trendline, lower lows seem the most likely until we've found a zone with sufficient buying pressure to take us back upwards. Lower lows and lower highs mean short term bearish, unfortunately.
I discuss the reasoning for these two scenarios in a little more detail, here:
However, this doesn't imply that there won't be decent range trades / swing trades in this area - in fact, there's been incredible opportunities whilst Bitcoin chops around. Follow here to make sure you never miss a moment!
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BTCUSDT
Until we're able to do a bump-and-run ABOVE this trendline, lower lows seem the most likely until we've found a zone with sufficient buying pressure to take us back upwards. Lower lows and lower highs mean short term bearish, unfortunately.
I discuss the reasoning for these two scenarios in a little more detail, here:
However, this doesn't imply that there won't be decent range trades / swing trades in this area - in fact, there's been incredible opportunities whilst Bitcoin chops around. Follow here to make sure you never miss a moment!
___________________
BTCUSDT 
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Cryptocheck Website
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SoftQuant Website
softquant.io
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