BTC has been extremely week since topping out around $71k a few weeks ago. It has done nothing but continue moving lower despite the rally in stocks and semiconductors. I believe this is mostly due to DXY strength, but this is the make or break area.
BTC has refused to go back below
59K ever since it broke above. So I'm expecting the move off of this area to be significant. Can't say which way it breaks or when, but the recent weakness suggests it will break below soon and head back to the 
48K-
52K area.
BTC has refused to go back below
59K ever since it broke above. So I'm expecting the move off of this area to be significant. Can't say which way it breaks or when, but the recent weakness suggests it will break below soon and head back to the 48K-52K area.
You reap what you sow.
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The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
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.