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BTC Ready or Not for a Trade?

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Recently, the market for BTC has been garnering new and renewed attention.

And that has many looking at the potential trading opportunities… 

While we’re still out of the market for BTC, it could be setting up for a potentially big drop ahead.

So, let’s look at the BTC futures contract market (BTC) and stay up to date on how things are transpiring.

The BTC Futures (BTC) Market Review

Here’s how the chart is setting up for the BTC (BTC) futures contract market…

BTC (BTC) Futures Contract Price and Technical Analysis – Source: TradingView

The BTC futures contract (BTC) daily time frame is in a down trend. The market is making lower lows and lower highs.

There is a down Fibonacci extension below the market price point 11,060 about -2,134 ticks below the market. 

I am out of the market waiting for the market to hit the down Fibonacci extension. Then, I will look for the bullish reversal towards the monthly Fibonacci extension.

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Keep on trading,

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P.S. While BTC may be in the sell zone, there are some opportunities in the stock market… 

And I’ve come up with a new trading strategy that tracks down what we are calling “Marked Stocks.”
To learn more about how these stocks are “marked” for gain opportunities, click here.

The post BTC Ready or Not for a Trade? appeared first on Josh Daily Direction.

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