Bitcoin - Trading Strategy through August
Updated
Typically my bitcoin posts don't get much engagement but the pace of the market makes it the most fun to follow.
In my past bitcoin posts i have conveyed the same idea above. I have called this consolidation under 31k throughout the summer for awhile now. I think we get one more buying opportunity before 31k resistance is tested and broken for a violent move upward. Looking to buy the 27.5k area and will revisit this analysis once we get to the buy area.
If we dont see 27.5k that is fine, i dont like chasing entries. Those who have followed should have buys down from the 25k region back in May-June.
Leave your thoughts below!
In my past bitcoin posts i have conveyed the same idea above. I have called this consolidation under 31k throughout the summer for awhile now. I think we get one more buying opportunity before 31k resistance is tested and broken for a violent move upward. Looking to buy the 27.5k area and will revisit this analysis once we get to the buy area.
If we dont see 27.5k that is fine, i dont like chasing entries. Those who have followed should have buys down from the 25k region back in May-June.
Leave your thoughts below!
Note
Impressive move upward. I don't believe we are going to get 27k anymore. Looking for more consolidation under 31k for now
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