Hi Traders,
Another update on BTC. Currently rejecting the support zone, if we get a nice push up we'll look for rejection of resistance in the 2nd zone. If this zone is rejected we'll watch for a rejection of the Pivot (potential support) for a confirmation that price wants to break the 2nd zone. If this is the case and we get a break we'll then watch for price to break or reject the upper zone.
Alternatively, price could stay under our pivot and the 50MA not the 4hr to then fall deeper into the lower support zone where we will look for a strong rejection for price to continue on its bullrun.
Thanks
The Market Sniper Team
Another update on BTC. Currently rejecting the support zone, if we get a nice push up we'll look for rejection of resistance in the 2nd zone. If this zone is rejected we'll watch for a rejection of the Pivot (potential support) for a confirmation that price wants to break the 2nd zone. If this is the case and we get a break we'll then watch for price to break or reject the upper zone.
Alternatively, price could stay under our pivot and the 50MA not the 4hr to then fall deeper into the lower support zone where we will look for a strong rejection for price to continue on its bullrun.
Thanks
The Market Sniper Team
