July 13th 2021 Bitcoin teams up with the bears
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 respecting very nicely the levels that I marked down. It went into the resistance zone then rejected hard and closed below the Monday Range low.
As I already said. The weekends can fog your decisions due to its volatility.
Today, we formed a new Monday range and this range will probably decide our general direction of this week's crypto market.
Since we are consolidating for a pretty long time now, I expect bigger volatility in the coming days which will decide the winner between the fight between the bulls and bears.
I marked the possible scenarios and the levels that we have to claim (as a bear and bull) to have the high ground.
TBH bitcoin looks heavy and its a bit more clear on the weekly so I'm personally rooting for the bears ;)
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 respecting very nicely the levels that I marked down. It went into the resistance zone then rejected hard and closed below the Monday Range low.
As I already said. The weekends can fog your decisions due to its volatility.
Today, we formed a new Monday range and this range will probably decide our general direction of this week's crypto market.
Since we are consolidating for a pretty long time now, I expect bigger volatility in the coming days which will decide the winner between the fight between the bulls and bears.
I marked the possible scenarios and the levels that we have to claim (as a bear and bull) to have the high ground.
TBH bitcoin looks heavy and its a bit more clear on the weekly so I'm personally rooting for the bears ;)
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Note
Following the plan very nicely
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