Where Is BTC Headed Next?

The BTC futures contract (BTC) continues to garner plenty of attention from traders and investors alike.

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The BTC futures contract (BTC) continues to garner plenty of attention from traders and investors alike.    As such, it is ever more important that we continue to monitor the direction and the potential for the BTC index.   The monthly chart remains in a long term up trend but is moving from a high price to a future low price.   There could be further to fall before the up trend resumes, so let's take a look at the BTC market to see what's shaping up… Weekly Prep Daily Direction Indicators     Understanding Trading Margin and Managing Losing Trades     How to Draw Market Trend Lines Properly for Beginners     Getting Started With Futures Trading Recommended Link:   +$10,000 In A Single WEEK Using This Futuristic AI-Powered System   Thanks to recent advancements in Artificial Intelligence, it's now possible to predict the price of certain stocks a week in advance… With up to 90.3% accuracy ratio. In fact, when a small group of beta testers ran the initial version of this system, they were stunned by the results… And one man even cleared $10,000 in a single week leveraging it!  Click right here to learn more about America's first ever AI-powered, 7-day stock market predictor… Watching the BTC Futures (BTC) Market Here's how the BTC futures contract (BTC) chart is showing the potential path forward… BTC Futures Contract (BTC) Price and Technical Analysis – Source: TradingView The BTC daily time frame is in a down trend, with the market 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 it to hit the down Fibonacci extension… Then, I will look for the bullish reversal towards the monthly Fibonacci extension. The Bottom Line There are multiple ways to trade the futures, stock and other markets. We can trade the indexes, both up and down, as well as individual stocks.    I'm not all about futures contracts, as I also follow stocks to identify top trading opportunities.   To learn more, check out the important P.S. below…   For more on the markets as well as trading education and trading ideas like this one, look for the next edition of Josh's Daily Direction in your email inbox each and every trading day.   I'll be bringing you more of my stock and futures contract trading tutorials as well as some additional trading ideas.   And if you know someone who'd love to make this a part of their daily trading routine, send them over to joshsdailydirection.com to get signed up!   Keep on trading, Josh Martinez P.S. I continue to track down top stocks that I showcase inside my premium trading service, Josh's Top 5.   To learn more, click here!   You are receiving this message at edwardlorilla1986.paxforex@blogger.com because you are a valued member of the Traders Agency family. 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