Hi,
BTC are in a likely upward channel where the 50% are holding well since few days (green TL in the chart)
As long as prices are above, i'm expecting to see higher prices up to $6400 which is the 0.618 retracement of the last mid-term bearish wave.
Maybe a huge bull trap above $5800 then rally down to $4400/4200 in order to retest last structure done in early 2019.
BTC are in a likely upward channel where the 50% are holding well since few days (green TL in the chart)
As long as prices are above, i'm expecting to see higher prices up to $6400 which is the 0.618 retracement of the last mid-term bearish wave.
Maybe a huge bull trap above $5800 then rally down to $4400/4200 in order to retest last structure done in early 2019.
Note
First short at $6300 SL $6500.Price went up to 100% since the low.
Trade active
Note
$6400 short triggeredTrade closed: stop reached
Too strong ;)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.