Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
Just a quick update on
BTCUSD
, on the Monthly timeframe. As I discussed in todays
ETHUSD
update, BTC has not closed above $9340 in 9 months. The upcoming monthly close (2 days & 17 hours from the time of writing this update) will tell us a lot about where the corn wants to go.
Previous failed attempts at closing above $9340 have resulted in drops to the $6300 and even $3700 region. The last time we did close a month above $9340, we saw the corn fly as high as the $13,000s.
Essentially, whether we close above or below $9340 is a big deciding factor for the coming months. Be sure you watch it closely.
Good luck traders.
- Jelle
Just a quick update on
BTCUSD
, on the Monthly timeframe. As I discussed in todays
ETHUSD
update, BTC has not closed above $9340 in 9 months. The upcoming monthly close (2 days & 17 hours from the time of writing this update) will tell us a lot about where the corn wants to go. Previous failed attempts at closing above $9340 have resulted in drops to the $6300 and even $3700 region. The last time we did close a month above $9340, we saw the corn fly as high as the $13,000s.
Essentially, whether we close above or below $9340 is a big deciding factor for the coming months. Be sure you watch it closely.
Good luck traders.
- Jelle
Trade active:
Closed above $9340. Long it.
