It Doesn’t Matter Which way You’re Playing Bitcoin 📈📉💰
Hey guys,
Remember we had Bitcoin giving something to both longs and shorts? Well the range play hasn’t stopped.
Take a look at where we were a week or so ago when we first brought up the concept:
So you can clearly see on the intraday chart that there’s is something on offer for both the bulls and bears, managing your risk around both zones:
BTC/USD Hourly
The structure in these markets is so cool.
Enjoy what’s left of your weekend and I’ll see you on the blog tomorrow!
And compare it to where we are today:
BTC/USD Daily
Look at the way that the short term resistance level is rejecting price each time, but all the while higher time frame support is holding beautifully.
I still favour a bounce to the upside, simply because the support zone is more significant to the bigger picture than the short term resistance.
But it doesn’t matter which way you’re playing it, Bitcoin should be making you money.
Isn’t trading great!
Peace ✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
This market stays exciting. Thanks for sharing.
It is a hard time for the hodlers, but a good time for the traders.
Cheers!
excellent market, thanks for sharing
I still think there is some serious short squeeze action ahead, probably around 6.7k.