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BTC/USD: Impulsive Bearish Move Lower Rejecting $120,000
Bitcoin is moving down faster than it came up, suggesting that sellers are in control now, as the price continues to print lower resistance levels while slicing through former support. My previous BTC/USD signal on 10th July was almost triggered, with the hourly chart printing a bullish doji candlestick with a low just above the key support level I identified at $110,569. This was a fantastically profitable long trade if you were lucky enough to get it. Long Trade Ideas Go long after a bullish price action reversal on the H1 timeframe following the next touch of $116,652, $113,862, or $110,569. Put the stop loss $100 ... (full story)
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