Hi Traders,
Moving on from our last BTC update post. BTC has moved through past support and resistance and now is searching for new S/Rs. Currently sitting/testing our pivot point and the 200MA 1hr. If we can get a break of this level then we will watch price action as it enters our zone just above. This is where we can start looking at a potential rejection of resistance or a potential further break! There is a lot of volume in the zone above so it's likely we'll see some sort of pullback. Please bare in mind that another big pullback is due in the next 1-3 weeks so as time passes and price progresses we should start thinking about pulling positions out and taking profits. This push is running on positive fundamentals and currently being priced in so unless theres further positive news we can expect institutions and big money start taking closing positions and we should start doing the same.
For FREE crypto signals click the LINK below!
Thanks
The Market Sniper Team
Moving on from our last BTC update post. BTC has moved through past support and resistance and now is searching for new S/Rs. Currently sitting/testing our pivot point and the 200MA 1hr. If we can get a break of this level then we will watch price action as it enters our zone just above. This is where we can start looking at a potential rejection of resistance or a potential further break! There is a lot of volume in the zone above so it's likely we'll see some sort of pullback. Please bare in mind that another big pullback is due in the next 1-3 weeks so as time passes and price progresses we should start thinking about pulling positions out and taking profits. This push is running on positive fundamentals and currently being priced in so unless theres further positive news we can expect institutions and big money start taking closing positions and we should start doing the same.
For FREE crypto signals click the LINK below!
Thanks
The Market Sniper Team
