Bulls have fought their way back up to test a major resistance at $11,500. This is a critical zone for bitcoin. Not only do we see clear visual resistance, when zooming in on a micro level we can see it’s hitting the golden pocket when pulling the fib from the local swing high to local swing low.
Bitcoin is also sitting right inside the upper CME gap.
In today’s video I discuss where price may go from here, traps to avoid and so much more. I hope you find it helpful. I’ll follow up this video with another one that answers your questions.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
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