BTC Market/Trading update Friday 12/03-2021
After we was very close to breaking a new ATH yesterday and getting rejected looking on the 4H Tradingview chart on BTC/PERP Futures Conctract's it's looking like we slowing down a bit as the Vwap to the downside suggests and we probably will move sideways for a little bit before going in to price discovery maybe when traditional markets open in an hour. The money flow looks to continue as is the momentum but momentum is slowing down a bit.
And we will most likely continue in this channel i have drawn 2 days ago but in a slower pace as we start to touch the bottom of it but still i think we will hold it and continue sideways higher and higher, my guesses is that we will brake 65K latest in next week and then see some sideways action before hitting 71-72,5K in the coming 14days and at that point I think we will have a bit of retracement maybe back to 56-62K for some more sideways action to create a strong resistance before reaching for 80-100K bitcoin.
For you guys&girls that is leverage trading this sideways action we are in right now between 55,5-58K can be a very profitable period if going long at 56k then close it at 58k and rinse & repeat :)
I would gladly hear your thought on BTC at the moment in the comment's so we can have a good discussion. :)
https://www.tradingview.com/x/dr2WAz9J/ https://www.tradingview.com/x/dr2WAz9J/
THIS IS NOT FINANCAL ADVISE ONLY MY GUESSES AND THOUGHTS!
Here are some links for the Leverage trading site i use w bonuses and the site i use for the charts and the Market Chiper Indicators i use on there. :)
https://www.tradingview.com/- Tradingview https://marketciphertrading.com/ - marketciphertrading Indicator https://www.bybit.com/en-US/invite?ref=wvoJM - www.bybit.com
