July 10th 2021 Bitcoin to
Updated
Hey guys,
I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis .
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
Bitcoin is following the green arrow that I drew last time perfectly. There is a lot of bullish sentiment creeping up again on twitter.
Let me explain WHY we are not out of the woods yet.
First of all, we are rising during the weekends where volatility increases because of the lack of liquidity. This is why I prefer spending the weekends off the screen with my family.
Secondly, we saw a rejection on the Monday mid range and there is a huge cluster of resistance above it.
ONCE we reclaim the January mid range we can start looking for more bullish scenarios but until then I'll be looking for short setups.
I marked the important levels that could lead to different plays.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis .
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
Bitcoin is following the green arrow that I drew last time perfectly. There is a lot of bullish sentiment creeping up again on twitter.
Let me explain WHY we are not out of the woods yet.
First of all, we are rising during the weekends where volatility increases because of the lack of liquidity. This is why I prefer spending the weekends off the screen with my family.
Secondly, we saw a rejection on the Monday mid range and there is a huge cluster of resistance above it.
ONCE we reclaim the January mid range we can start looking for more bullish scenarios but until then I'll be looking for short setups.
I marked the important levels that could lead to different plays.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Note
Nothing really changed. Bitcoin is showing rejection at last Monday's range high. We're nothing close to bullish until we smash through the Jan. Mid and hold. Still bearish and expecting the alts to follow with bigger volatility.
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