-Yurlo
Good afternoon, I can't write a massive explanation because I'm starting my new job at amazon today! However lets talk about the market's price action on $BTC (Bitcoin) here briefly:
What's is telling us?
#1: $10850 was a major support level ~ lost it
#2: $10550 was a major support level ~ lost it
#3: We've bounced off $10400 but i dont see us surpassing $10600 as $10550 might have flipped (S/R) into resistance for now.
I'm bearish until the end of this month, unless we regain $10850 in coming days. (invalidation point)
All my signals are pointing down though, remember to stick to your trading plan (TA)
We LONG bottoms and SHORT tops here in Yurlo World.
Best of luck friends.
Good afternoon, I can't write a massive explanation because I'm starting my new job at amazon today! However lets talk about the market's price action on $BTC (Bitcoin) here briefly:
What's is telling us?
#1: $10850 was a major support level ~ lost it
#2: $10550 was a major support level ~ lost it
#3: We've bounced off $10400 but i dont see us surpassing $10600 as $10550 might have flipped (S/R) into resistance for now.
I'm bearish until the end of this month, unless we regain $10850 in coming days. (invalidation point)
All my signals are pointing down though, remember to stick to your trading plan (TA)
We LONG bottoms and SHORT tops here in Yurlo World.
Best of luck friends.