¡¡¡ BITCOIN update !!! ($GBPJPY proxy)
According to the prior and subsequent price action benchmarking the Cboe Bitcoin Futures Kick-off, these levels are still valid.
We are now in the best buying zone according to risk-reward as long as the price stays above the ascending trendline. In any case, we have a bullish movement it might be contained due to the Futures uncertainty.
On the other hand, if the price does not manage to stay bullish above the trendlines and support zone, market might enter in sell-off mode since there is a major fear sentiment due to Cboe's.
Regards,
Trade safe!
Alberto Alvarado
Ask me! | https://earn.com/iiivb/
TradingView chart: https://www.tradingview.com/chart/GBPJPY/4QYaw3Hx-BITCOIN-update-Proxy-GBPJPY-1H/
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