What's next BTC?

Jul 30, 2021I noticed a slight pump earlier with BTC breaking out of the recent range. It's still hanging close to the top of the range but we'll have to see it breaking out above the descending trendline before a retest of 42K can happen. In the meantime, if you have to trade, look at our current position on the daily and weekly charts but do well to look for entries on the 15 minute or hourly candles. Also, if you're in profits an hour into the trade, take some off and set SL to breakeven, as this market is very weak. NEVER let a green trade go red!!

Jul 30, 2021

Comment

The key level I'm watching is 40597. If we hold and closs above this price today, we can look forward to a move towards 42-45K. Daily RSI just above 70 so I'm convinced we're more likely to head higher as volume is picking up here towards the weekend. Maybe a surge through tomorrow towards 45K, and then a bull trap after noon Sunday towards Monday morning. This is all just speculation, expecting recent history to repeat itself.