As Bitcoins volatility has decreased along with quick chops appearing past months, my short term plays will be slightly longer to allow movement between S/R zones. As a newer trader it can be easy to lose myself within the quick moves on shorter time frames. That is also why I have been focusing more on larger time frames to get a better perspective of direction.
I believe if we can break up above this 7-7.2k area with more volume I will be looking at psychological levels at $500 intervals ie: 7.5k-8k-8.5k and so forth.
I am no expert and this is my first publish so please let me know what you think.
Thank you all in advance.
I believe if we can break up above this 7-7.2k area with more volume I will be looking at psychological levels at $500 intervals ie: 7.5k-8k-8.5k and so forth.
I am no expert and this is my first publish so please let me know what you think.
Thank you all in advance.