July 16th 2021 Bitcoin not ready for the moon just yet.
Zaktualizowano
Hey guys,
Before starting please hit that follow and like button :)
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
For the fundamentals, Jerome Powell mentioned that if the U.S. central bank sets up a digital currency, there will be less need for cryptocurrency and stablecoins. On top of that, the European Central Bank launched the Digital Euro project. Definitely not great news for the bulls.
Bitcoin went to retest the broken trendline yesterday (the line in yellow) and everybody became bullish all the sudden. It rejected nicely to come back below $32280 which is a very important support.
Unless we go back above $32280 and ultimately above the Jan. midrange, we will probably see lower prices and my targets will be the next range supports. The 2 arrows are the ideal bear scenarios that could give shorts a really nice RR.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Before starting please hit that follow and like button :)
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
For the fundamentals, Jerome Powell mentioned that if the U.S. central bank sets up a digital currency, there will be less need for cryptocurrency and stablecoins. On top of that, the European Central Bank launched the Digital Euro project. Definitely not great news for the bulls.
Bitcoin went to retest the broken trendline yesterday (the line in yellow) and everybody became bullish all the sudden. It rejected nicely to come back below $32280 which is a very important support.
Unless we go back above $32280 and ultimately above the Jan. midrange, we will probably see lower prices and my targets will be the next range supports. The 2 arrows are the ideal bear scenarios that could give shorts a really nice RR.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Komentarz
Keep your dreams real :) following the plan PERFECTLY
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