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BTCUSD

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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.

評論

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.

評論

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.

bluesilver3