NOT SO FAST BULLS! - 07.22 Bitcoin Update
Mis à jour
Hey guys, 1 PERCENT here.
Please do hit the like and follow button if you found my posts useful :) Thanks in advance.
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
Bitcoin beautifully followed my previous prediction and saw a bounce. The sentiment in ct and other communities definitely starts to look bullish.
As mentioned in the title, we're not out of the woods just yet!
We see that Bitcoin is currently retesting $32280 which is an important level for both bulls and bears.
We're currently seeing multiple rejections from it and we are at the intersection of the yellow trend line and the famous $32280.
If we get to hop over this level and pull out a bullish retest, there is a high chance that we rise to the Jan. Mid range which is a very important level in the midterm price action.
I drew the possible scenarios that I'll be willing to trade upon a reclai and retest of important support and resistance levels. Until then, having no position is the best position.
Hope this post will be some sort of help for you guys.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Please do hit the like and follow button if you found my posts useful :) Thanks in advance.
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
Bitcoin beautifully followed my previous prediction and saw a bounce. The sentiment in ct and other communities definitely starts to look bullish.
As mentioned in the title, we're not out of the woods just yet!
We see that Bitcoin is currently retesting $32280 which is an important level for both bulls and bears.
We're currently seeing multiple rejections from it and we are at the intersection of the yellow trend line and the famous $32280.
If we get to hop over this level and pull out a bullish retest, there is a high chance that we rise to the Jan. Mid range which is a very important level in the midterm price action.
I drew the possible scenarios that I'll be willing to trade upon a reclai and retest of important support and resistance levels. Until then, having no position is the best position.
Hope this post will be some sort of help for you guys.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Note
We aren't breaking the $32280 with conviction. This is a no trade zone. As I already mentioned on the idea, this price level is the level that'll decide the general direction of the crypto market in the short term.
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