➕ BTC - opinion.
https://www.tradingview.com/x/JfGFc7QF/
After the dump the price has not recovered yet, we expected the level of 20k to hold, but the main support at this moment is the range of 18.5-19.5k, significant resistance is at 22.5k level, till we trade below it, it is too early to speak about any uptrend.
The consolidation is not long, we have been trading in this very narrow range for 3 months, and the next move towards 21k and higher is likely to be the signal of exit from the range and the beginning of a local uptrend.
We continue to hold #long position, no trades were opened in alts. Now we make less trades, so as not to use our deposit for stops, we prefer to wait at least for the local uptrend, at least the one we had in July-August.
DYOR #NFA
MM Ventures | Website × Telegram × Twitter
https://www.tradingview.com/x/JfGFc7QF/
After the dump the price has not recovered yet, we expected the level of 20k to hold, but the main support at this moment is the range of 18.5-19.5k, significant resistance is at 22.5k level, till we trade below it, it is too early to speak about any uptrend.
The consolidation is not long, we have been trading in this very narrow range for 3 months, and the next move towards 21k and higher is likely to be the signal of exit from the range and the beginning of a local uptrend.
We continue to hold #long position, no trades were opened in alts. Now we make less trades, so as not to use our deposit for stops, we prefer to wait at least for the local uptrend, at least the one we had in July-August.
DYOR #NFA
MM Ventures | Website × Telegram × Twitter