Bitcoin Price Update. 💯
Moral First. Always watch my youtube videos. I discuss all my trades there, live and show my entries.
On our market update video on Tuesday we highlighted the $75k region as a key confluence level as it coincided with our HTF Range High, our LTF Range Low and the HTF Key S/R Level which spans from the 2024 Summer Range High.
With BTC showing strength amongst two potential cascading events (The Clarity Act & First FED rate hike since 2023), the trigger to get long was the reclaim of our LTF range low which we had formed a SFP at.
I've closed the majority of the position around the stacked highs just sub $80k with a small portion remaining targeting the nPOC just overhead.
As we mentioned in yesterdays market update video, BTC spends 90% of its time ranging with expansive moves too far and in between - yet most traders are screaming for the next impulse in either direction, finding themselves getting chopped up in the range and sidelined.
Large % chance we find ourselves within the same range over the next couple of weeks, for me the next real key level being the $83k region.
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@Political_Gutu Ready to Start Confidently in Crypto?
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