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$BTC
Broke MS on the 1h, but the break of resistance failed to follow through on the 4h (the second time we've seen the same play out this week).
Currently ranging b/w 7020 and 6880. Taken the stops of the prior lows.
Support's been tested thrice now. Also. making a LL.pic.twitter.com/9gLSpzF2yY
$BTC Update
Range fakeout/SFP/Judas/Stop run confirmed. However, still set a lower low.
Although the logical target would be the other side of the range, I don't see the R:R here if you plan on playing the range.pic.twitter.com/h0ypoyWN4V
My bids were waiting at 6830, depends on what TF you're basing your trade on. If it's just a scalp, one could probably play the range fakeout to the other side of the range. But not taking any swing longs here. As always, manage your risk.
I think that range is over for now...will now test 6780 and then range from there to 6880...once 6880 support broken, it will become resistance.
3rd rest is never good IMO. Markets give two-three tests typically. Marker cap continues to decline. We break $6,700 we dropping to $6,400 fast IMO. $6,000 will hold, But not forever. Theee more days of exhaustion before a bounce IMO. Ranges above $6,700 is good for us for now.
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