Inside Catholic
GOOD EVENING STEEMIT,
Having missed yesterday’s Steemit blog due to Australia Day, I wanted to write a markets oriented post to supplement this morning’s slightly politically charged offering.
So of course, Bitcoin is still capped by resistance at the resistance zone we’ve talked about inside the linked blog post from the other morning just there.
BTC/USD Daily
As you can see, price continues to reject from the zone and doesn’t even look like making a dent into it on any of the lower time frames. All this points to unfortunately, is further short term losses for Bitcoin...
The positive however, is that I continue to say Bitcoin is only short term bearish. So long as price holds above trend line support that looks like coming in around 10k here (with scope to run to that 7k horizontal resistance level that hasn’t yet been retested as support), then the longer term bullish trend stays in tact and further gains are firmly on the radar.
Stay relaxed. Hold strong.
Peace ✌🏻.
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
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