BTC: Two Likely Scenarios I'm Watching
2024-10-12

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!

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  BINANCE:BTCUSDT  