Who says trading BTC is hard? jk
But the rising channel in BTC I mentioned yesterday continues to hold and we had a nice bounce off the bottom a few hours ago at ~$8900. I anticipate a grind higher today and look to sell in the $10000-10100 area. I might hold off selling until the top is confirmed since $10000 is likely a psychological barrier and if breached, we could see a larger run up. However, there is a huge long-term trendline that is coming down from the ATH's and any significant rally in BTC above $10000 should peter-out somewhere around $10500 for now. Be nimble and happy trading!
But the rising channel in BTC I mentioned yesterday continues to hold and we had a nice bounce off the bottom a few hours ago at ~$8900. I anticipate a grind higher today and look to sell in the $10000-10100 area. I might hold off selling until the top is confirmed since $10000 is likely a psychological barrier and if breached, we could see a larger run up. However, there is a huge long-term trendline that is coming down from the ATH's and any significant rally in BTC above $10000 should peter-out somewhere around $10500 for now. Be nimble and happy trading!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.