As a follow up to my video (linked below) yesterday that mentioned a move below 9K, I thought I would explain a little more of why I think that will likely happen. I'm not a day trader per say, so most of my plays are based on longer term setups. While we had a nice run over the last week or so from roughly a low of 6k to almost 12k, I believe we'll see more downside before we're able to break the 12k mark and see new and better highs.
Personally, I believe a lower range of $7200 - $5900 is in play. I realize that might seem like a wide spread, but big spikes in BTC are not uncommon. I guess you could look at that range as best case to worst case scenario. If we break that zone... I'll be reassessing completely to determine what i expect to play out next.
I hope you enjoyed the video... give me a like and do leave a comment. I"m really interested in what the trading view community thinks about BTC.
Personally, I believe a lower range of $7200 - $5900 is in play. I realize that might seem like a wide spread, but big spikes in BTC are not uncommon. I guess you could look at that range as best case to worst case scenario. If we break that zone... I'll be reassessing completely to determine what i expect to play out next.
I hope you enjoyed the video... give me a like and do leave a comment. I"m really interested in what the trading view community thinks about BTC.
