Where I see BTC Currently....
BTC just managed to put in a nice bounce, at a key level, these are the two paths I see forward.
Red Dashed = Monthly "Bull Line"....we don't want to start closing on 4hr+ TF below this level (if you're a Bull).
Green Dashed = Daily "Bull Line"....This was the "key" level I mentioned above.
Purple Dashed = 1hr "Bull/Bear Line"....This chart shows both, A Bull and Bear version.
All eyes on that 45680 level. I'll be looking to see if we ... Reject Hard... Grind up against... Break through w/conviction etc etc. Losing 45-45.4k and things get sketchy. Losing 44.4k on 4hr+ TF, and 40k likely next stop.
As always, good luck, have fun, practice solid risk management!
Red Dashed = Monthly "Bull Line"....we don't want to start closing on 4hr+ TF below this level (if you're a Bull).
Green Dashed = Daily "Bull Line"....This was the "key" level I mentioned above.
Purple Dashed = 1hr "Bull/Bear Line"....This chart shows both, A Bull and Bear version.
All eyes on that 45680 level. I'll be looking to see if we ... Reject Hard... Grind up against... Break through w/conviction etc etc. Losing 45-45.4k and things get sketchy. Losing 44.4k on 4hr+ TF, and 40k likely next stop.
As always, good luck, have fun, practice solid risk management!
Comment:
Seems it's chosen the "Red" path thus far.