the 10k or 30k bitcoin debate
Updated
how both sides see it.
we are currently sandwiched in a range of historical resistance/support flips - the initial 10k resistance flipped support for the bullrun, and the level that held price to ATH now flipped resistance.
bears are aiming for a retest of this area near 10k
bulls are aiming for a retest of the area near 30k
...both are probable
thus far we are unable to break the .75 of the range to 30k with 2 decent rejections.
as the .25 was front ran there is a likely chance we swoop the 15k level.
losing the .25 would most likely open the doors to 10k for a retest of the demand zone that confirmed the covid bullrun
likewise holding the .5 here with the obvious ih&s pattern could see the .75 claimed with the 30k target activated.
we are currently sandwiched in a range of historical resistance/support flips - the initial 10k resistance flipped support for the bullrun, and the level that held price to ATH now flipped resistance.
bears are aiming for a retest of this area near 10k
bulls are aiming for a retest of the area near 30k
...both are probable
thus far we are unable to break the .75 of the range to 30k with 2 decent rejections.
as the .25 was front ran there is a likely chance we swoop the 15k level.
losing the .25 would most likely open the doors to 10k for a retest of the demand zone that confirmed the covid bullrun
likewise holding the .5 here with the obvious ih&s pattern could see the .75 claimed with the 30k target activated.
Note
i got slagged off for this post in a telegram chat casue people simply dont understand level to level trading. ...and we went 0.5 --> 0.625
Note
we approach the hammer zone...Note
all levels respected over and overTrade active
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