BTC had quite a strong sell off taking out the lows of the last 2 weeks. The way price is stalling right now is evident that profit-taking is occurring. Since the start of July, the $9650 level has been pretty solid. Every time price deviated below that level it has resulted in a strong buying reaction...
However we are here again for the 4th or 5th time which is why I am not really expecting a big rally off this level anymore. I believe we're going to see a new low before the month ends!
However we are here again for the 4th or 5th time which is why I am not really expecting a big rally off this level anymore. I believe we're going to see a new low before the month ends!
Trade closed: stop reached
Stopped out -1R.
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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.