XBTUSD: Thoughts on Bitcoin. What's next?
Bitcoin failed to pass resistance 10500 zone and fell to 9800 where it bounced.
Now the market is in limbo, the question is, what setups exists at the moment?
I think long from ~9750 with moderate risk looks not bad as well as short from 10050, new resistance zone bitcoin needs to overcome to come back to a higher range.
I'm looking for longs from 9750 - 9650 zone or for short higher than 10050 if we'll get strong rejection by this level.
Information is just for educational purposes, never financial advice. Always do your own research.
Now the market is in limbo, the question is, what setups exists at the moment?
I think long from ~9750 with moderate risk looks not bad as well as short from 10050, new resistance zone bitcoin needs to overcome to come back to a higher range.
I'm looking for longs from 9750 - 9650 zone or for short higher than 10050 if we'll get strong rejection by this level.
Information is just for educational purposes, never financial advice. Always do your own research.
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