Hey guys! I thought I would start doing a second forecast using the same principles I use for EURUSD trading-as they apply to all markets!
We are reaching a KEY area on the BTC daily chart, we are still contained within the daily sell range and are now reaching the back of the range that started the initial move, price has been rallying for some time without a decent pullback.
If we do encounter a pullback in this region we have a strong range lower that was never mitigated either this could offer some resistance and a path up still.
If the current block fails-I can see us reaching for ATHs again.
As always Trade safe
EnvisionEJ
We are reaching a KEY area on the BTC daily chart, we are still contained within the daily sell range and are now reaching the back of the range that started the initial move, price has been rallying for some time without a decent pullback.
If we do encounter a pullback in this region we have a strong range lower that was never mitigated either this could offer some resistance and a path up still.
If the current block fails-I can see us reaching for ATHs again.
As always Trade safe
EnvisionEJ