Bitcoin fatigue? - Crypto trade of the week | Bulletproof Traders
In our Crypto trade of the week, Bulletproof Traders in-house trading activities present our bearish campaign on Bitcoin.
We've been expecting the Bitcoin to show signs of fatigue around the 60K level. Nevertheless, it was the big resistance level of 58,941 that was really the one to reject price action and start to flip the Bitcoin upside down.
At this point in time, we believe Bitcoin is heading towards the previous low of around 43K. The strong support at 46,690 is where we set up our price target for this bearish campaign.
There is an obstacle at 54,675 that requires our attention if (or once) challenged. It will be an interesting test to the negative momentum that has been the driving force behind price action recently.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place. You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader.
We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions. Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
We've been expecting the Bitcoin to show signs of fatigue around the 60K level. Nevertheless, it was the big resistance level of 58,941 that was really the one to reject price action and start to flip the Bitcoin upside down.
At this point in time, we believe Bitcoin is heading towards the previous low of around 43K. The strong support at 46,690 is where we set up our price target for this bearish campaign.
There is an obstacle at 54,675 that requires our attention if (or once) challenged. It will be an interesting test to the negative momentum that has been the driving force behind price action recently.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place. You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader.
We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions. Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
