Where Is BTC Going?

We’re always looking at various markets and today, we are taking a look at the digital currency market. 

There’s always plenty of action taking place in the market for digital currencies.

So, let’s look at BTC… 

Looking at BTC Futures Contracts

Here’s how the chart is shaping up and how we see the market…

BTC Futures Contract (BTC) Price – Source: TradingView

The 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 11060 about -2,134 ticks

below the market. 

I am out of the market waiting for the market to hit the down Fibonacci extension then 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… 

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 before you go, head on over to the Traders Agency YouTube channel for breaking market news, live trading sessions, educational videos and much, much more! Click here now to subscribe!

Keep on trading,

P.S. I have been working with my team to find what I call “marked stocks.”

These are stocks that are potentially setting up to generate big gains… And you need to get in on them with me.

To learn more, click here!

Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and Equities.com.

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

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