#BTCanalysis
There should be full understanding as well that BPRO buy doesn’t mean BTCUSD is going to rally with no turning back from now on until the end of bull market – there might be some short period where the long is underwater for 5% or so. If you’re trading similar system tuning and are not ready to bear such risk, no need to follow up with too big sizes. Breaker High is 58322 and this level needs to be quickly reclaimed for the sake of bulls. Mean support is 53424, while the main resistances are 65.2k, 69921, 77434.
There should be full understanding as well that BPRO buy doesn’t mean BTCUSD is going to rally with no turning back from now on until the end of bull market – there might be some short period where the long is underwater for 5% or so. If you’re trading similar system tuning and are not ready to bear such risk, no need to follow up with too big sizes. Breaker High is 58322 and this level needs to be quickly reclaimed for the sake of bulls. Mean support is 53424, while the main resistances are 65.2k, 69921, 77434.
#BTCanalysis
Key resistance level reclaimed on intraday basis with 12h close through 58715 is bullish itself, while still trapped in low-momentum movement 43-62k. That’s the reason for me NOT getting too excited about this move just yet. Low-momentum movement by definition is little to no directional so you find it full of traps, liquidity hunts and fakeouts. I personally choose to distrust this as I prefer to keep it safe than sorry.
Local supports at 53.8k, 50.5-51k, 48361. Resistances are as follows: 63.2k, 66.2k, 70890, 78507.
As always, find more details in #video-report channel and my yesterday’s premium webinar.
@wazirx_trader
Key resistance level reclaimed on intraday basis with 12h close through 58715 is bullish itself, while still trapped in low-momentum movement 43-62k. That’s the reason for me NOT getting too excited about this move just yet. Low-momentum movement by definition is little to no directional so you find it full of traps, liquidity hunts and fakeouts. I personally choose to distrust this as I prefer to keep it safe than sorry.
Local supports at 53.8k, 50.5-51k, 48361. Resistances are as follows: 63.2k, 66.2k, 70890, 78507.
As always, find more details in #video-report channel and my yesterday’s premium webinar.
@wazirx_trader