$BTCUSD - Watch this rejection closely
Hi guys! 👋🏻
🔔 Currently watching this rejection from the dynamic support of the uptrend channel, which was tested as resistance
🔔 There is a strong support at $46300. If that support is overtaken, the price may fall deeper to $43800 and $42500.
🔔 Although, if the support withholds, we can expect a jump to 51.2K and 53K. CME BTC futures expiry are set for August 28, after which the overall crypto-market should normalize. RSI and MACD are bullish, hence just wait for the right time.
🔔 The Jackson Hall conference also drives volatility in the market, I highly recommend you to watch for the DXY as since the beginning of the conference BTC was following the DXY.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Currently watching this rejection from the dynamic support of the uptrend channel, which was tested as resistance
🔔 There is a strong support at $46300. If that support is overtaken, the price may fall deeper to $43800 and $42500.
🔔 Although, if the support withholds, we can expect a jump to 51.2K and 53K. CME BTC futures expiry are set for August 28, after which the overall crypto-market should normalize. RSI and MACD are bullish, hence just wait for the right time.
🔔 The Jackson Hall conference also drives volatility in the market, I highly recommend you to watch for the DXY as since the beginning of the conference BTC was following the DXY.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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