BTCUSD

So as per the last chart, BTC as bounced off the resistance and started heading back down south. However, as mentioned in the update of the las chance, the next waves are a little uncertain as I feel it really needed to get to 9,200 to hit a lot of short positions that I believe were waiting.

What will BTC do next...? Well I don't have a crystal ball but I have an opinion and that is that it will continue to head down. There are two levels of resistance that meet around the 8,300 level. I would not trade it at ALL at the moment as I need to see how it is going to react to those resistance levels. I expect it to fall below them, move sideways for a little as it picks up some buy orders and then get pushed down below that. I think watching how it unfolds would help determine a good by in for the next wave. I have marked the area that I will be holding out for to determine a possible buy in.

Please like if you want to see more ideas.

コメント:

I know it is taking its time but be patient. Do not trade yet!
I know your signal groups may have been encouraging you to get back in but be patient.

コメント:

The cross resistance around 8,300 acted as a strong bounce as predicted and the blue box has afforded a number of long trades for quick profits.
We are just watching to see how it responds to the current resistance and support levels to determine the next waves.