XBTUSD 1D market update
Hello traders,
Welcome to the boring weeks of crypto. nothing much to write about but it's a long time so i will give u all a nice btc daily update.
After the Tether pump, we are stuck in a really small channel range with no clear direction. For this reason, i am not in a trade on bitcoin. still watching from the sidelines. my plan for the coming days is to watch the support(green box) to buy opportunities. I only buy in if the candle forming looks solid. because we could break and see new yearly lows.
On the other side, we could hit the yearly resistance trend line(yellow) for a short opportunity. Only if it's clear we will not break the line. If we break to line clear. i will set a buy order in, and ride the train to 7200's.
i can't see us break the 5800's levels yet why? because there is not enough money to be made by the wales. Why would you short btc from 5800 to 5xxxx levels? for that reason, i think we will break the resistance line and see some nice pumps end this year.
Targets are 7200 8000's and maybe 10k. There wales can fill there short orders in the Fomo buys of nooby traders.
Plan for the next few days:
Watch support line of 6100's
watch resistance line of this year.
No orders in to catch knifes (to risky)
watch out with leverage big move is coming.
Be safe traders and Good luck!
Welcome to the boring weeks of crypto. nothing much to write about but it's a long time so i will give u all a nice btc daily update.
After the Tether pump, we are stuck in a really small channel range with no clear direction. For this reason, i am not in a trade on bitcoin. still watching from the sidelines. my plan for the coming days is to watch the support(green box) to buy opportunities. I only buy in if the candle forming looks solid. because we could break and see new yearly lows.
On the other side, we could hit the yearly resistance trend line(yellow) for a short opportunity. Only if it's clear we will not break the line. If we break to line clear. i will set a buy order in, and ride the train to 7200's.
i can't see us break the 5800's levels yet why? because there is not enough money to be made by the wales. Why would you short btc from 5800 to 5xxxx levels? for that reason, i think we will break the resistance line and see some nice pumps end this year.
Targets are 7200 8000's and maybe 10k. There wales can fill there short orders in the Fomo buys of nooby traders.
Plan for the next few days:
Watch support line of 6100's
watch resistance line of this year.
No orders in to catch knifes (to risky)
watch out with leverage big move is coming.
Be safe traders and Good luck!
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