Best Trading Strategy for Bitcoin!! Read More for Details!!
Bitcoin has pivoted from lows completely in tandem with the bounce we saw in stocks. We have regained the 40K handle, as we anticipated here yesterday. However, we are seeing great resistance just below 40.8K, suggesting bulls still are not incentivized to buy it back higher. Range trading seems like the best option here. Be patient and scoop up some BTC in the 30K's, sell it in the low/mid 40K's. If we have enough momentum to break out, we will next face great resistance from the 
42K's. If we give up the 40K's again, then we will likely test 38.2K again.
42K's. If we give up the 40K's again, then we will likely test 38.2K again.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.