BTC: Two Likely Scenarios I'm Watching

12 Eki

Bitcoin hasn't yet been able to break out above the diagonal resistance that formed after the most recent high.

Until we're able to do a bump-and-run ABOVE this trendline, lower lows seem the most likely until we've found a zone with sufficient buying pressure to take us back upwards. Lower lows and lower highs mean short term bearish, unfortunately.

I discuss the reasoning for these two scenarios in a little more detail, here:

However, this doesn't imply that there won't be decent range trades / swing trades in this area - in fact, there's been incredible opportunities whilst Bitcoin chops around. Follow here to make sure you never miss a moment!

___________________
BTCUSDT