Bitcoin - indecisive yet bullish 📈
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Bitcoin has had several indecisive days in a row with long wicks in each direction, with a slight trend bearish; the more recent wicking is down.
Shorter time frames all showing bullish movement rallying after the Sunday night dump.
Current support sits at 6,8 and next upward resistance comes at 7,2 and this $500 gap is a easy ~9%.
I wouldn’t buy now unless we fall back towards 6,8 and with a tight stop loss.
If 7,2 is broken we could see prices go as high as 7,5, don’t forget to take profits!
As always remember the golden rule to trading success 🔑
BUY SUPPORT
SELL RESISTANCE
Cheers,
Banana
PS. Like this idea and want more? Join Flash Trading for daily discussion and calls!
Before we get into it show your support and give me motivation by clicking LIKE 👍🏽
Bitcoin has had several indecisive days in a row with long wicks in each direction, with a slight trend bearish; the more recent wicking is down.
Shorter time frames all showing bullish movement rallying after the Sunday night dump.
Current support sits at 6,8 and next upward resistance comes at 7,2 and this $500 gap is a easy ~9%.
I wouldn’t buy now unless we fall back towards 6,8 and with a tight stop loss.
If 7,2 is broken we could see prices go as high as 7,5, don’t forget to take profits!
As always remember the golden rule to trading success 🔑
BUY SUPPORT
SELL RESISTANCE
Cheers,
Banana
PS. Like this idea and want more? Join Flash Trading for daily discussion and calls!
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