Bitcoin Daily Outlook
*We still have bigger moves coming this week, current members are up ~1,000 pips on swings from $45,250.*
Daily:
Bitcoin had a healthy bullish closure after testing support at $40,500. We have been building great structure over the weekend and as I said on Sunday, we have seen more volatility enter the market. Our next major resistance level is still $50,000 and it could come quickly. It is likely we still have bigger moves coming and we currently have swing positions sitting about +1,000 pips in profit. We should see more bullishness tomorrow and a break of recent highs within the next few days. I will continue to monitor the intraday for more entry opportunities.
Intraday:
The intraday was volatile and we saw a dip in the early morning followed by a 1,500-pip recovery in the market. We are testing our recent intraday highs and are heading towards $47,500. We should see even more bullishness and volatility later this week.
Daily:
Bitcoin had a healthy bullish closure after testing support at $40,500. We have been building great structure over the weekend and as I said on Sunday, we have seen more volatility enter the market. Our next major resistance level is still $50,000 and it could come quickly. It is likely we still have bigger moves coming and we currently have swing positions sitting about +1,000 pips in profit. We should see more bullishness tomorrow and a break of recent highs within the next few days. I will continue to monitor the intraday for more entry opportunities.
Intraday:
The intraday was volatile and we saw a dip in the early morning followed by a 1,500-pip recovery in the market. We are testing our recent intraday highs and are heading towards $47,500. We should see even more bullishness and volatility later this week.
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