Trading for BTC today is mainly bear biased due to the following:
1. Failed to break the 9900 level.
2. MACD at H1 is still bearish .
3. No fib retracement yet.
A LOT OF OTHER FACTORS ARE IN PLAY! Huge movement is just around the corner.
It is good to mention that BTC is LARGELY bullish but is awaiting correction. Price action will dictate more so please keep your stop losses and continue to carefully watch price action.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Don't bet the whole farm, have a good risk reward ratio. Price action can be really, really different from this post.
Be wary of false breaks! Trading is RISKY, always put stop losses.
Various factors are in play, but this chart is meant to be easy to read.
TRADING IS REACTIVE, NOT PREDICTIVE.
1. Failed to break the 9900 level.
2. MACD at H1 is still bearish .
3. No fib retracement yet.
A LOT OF OTHER FACTORS ARE IN PLAY! Huge movement is just around the corner.
It is good to mention that BTC is LARGELY bullish but is awaiting correction. Price action will dictate more so please keep your stop losses and continue to carefully watch price action.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Don't bet the whole farm, have a good risk reward ratio. Price action can be really, really different from this post.
Be wary of false breaks! Trading is RISKY, always put stop losses.
Various factors are in play, but this chart is meant to be easy to read.
TRADING IS REACTIVE, NOT PREDICTIVE.