In my VLOG this week I mentioned why, as a technical trader, you shouldn't consider buying BTCUSD near the 3k level.
BTCUSD is down today and it has reached the Fast MA line - The same MA line that helped it to rally from the 2K level couple of weeks ago.
This was my weekly bullish scenario and it has already reached the first target zone (structure in blue)
If BTCUSD will not overcome the structure zone - Bearish scenario
If BTCUSD will climb back up above the structure zone - Re-test of 3K is the bullish option.
YouTube.com/themarketzonenet for my VLOG about Bitcoin
BTCUSD is down today and it has reached the Fast MA line - The same MA line that helped it to rally from the 2K level couple of weeks ago.
This was my weekly bullish scenario and it has already reached the first target zone (structure in blue)
If BTCUSD will not overcome the structure zone - Bearish scenario
If BTCUSD will climb back up above the structure zone - Re-test of 3K is the bullish option.
YouTube.com/themarketzonenet for my VLOG about Bitcoin
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Setting for the next fall?
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2800 key price zone
