BTC Market Next Possible Movement
Hi everyone, so here is my thoughts on Bitcoin on a Daily Time frame. July 25, 2021 @ 1:15PM
- Since we got a pump today, I'm getting a lot of messages asking what's happening. I'd say don't panic.
- So I'm still watching this Parallel Channel in Bitcoin's Log Chart
- Here You'll see a Red Circle, If Bitcoin can Reach that Red Circle Area, that can be my deciding factor, if I'm going long or short
- If we gota rejection from that trend line, I'm shorting, If not, I'm going long as it will be a fake out from the down side and a possibility for a Bull Market Continuation.
- Overall, I'm still not convinced on this movement
- Bitcoin is still in the range
That's it guys! Goodluck! NFA, DYOR and TAYOR.
- Since we got a pump today, I'm getting a lot of messages asking what's happening. I'd say don't panic.
- So I'm still watching this Parallel Channel in Bitcoin's Log Chart
- Here You'll see a Red Circle, If Bitcoin can Reach that Red Circle Area, that can be my deciding factor, if I'm going long or short
- If we gota rejection from that trend line, I'm shorting, If not, I'm going long as it will be a fake out from the down side and a possibility for a Bull Market Continuation.
- Overall, I'm still not convinced on this movement
- Bitcoin is still in the range
That's it guys! Goodluck! NFA, DYOR and TAYOR.
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.