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DailySats
Jun 18, 2021 5:29 PM

BTCUSD: ALL ABOARD THE GREEN TRAIN TO $42,000 Long

Bitcoin Perpetual FuturesFTX

Description

1/ Bitcoin price is failing to hold up.
2/ As a result, the recent rally is getting undone.
3/ Expecting a bounce from the demand zone ($34,592 to $35,744)
4/ Or in some cases a double bottom at $34,750, which is the confluence of the demand zone and the buy zone ($33,156 to $34,915).
5/ The first target would be the range high at $41,322; then BTC might target the 200-DMA at $42,861.
6/ Expecting a wick up to $45,400 if we are lucky.

As always, none of this is financial advice and should be construed as one.

DYOR
Not Financial Advice (FA)

Trade closed: stop reached

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