trademaster1969

BTC FOMO to consolidation

Long
COINBASE:BTCUSD   Bitcoin
Grandpa Bitcoin made big gains earlier and was overbought on the 4 hour. Alt coins also had decent momentum. BTC MA is around 6500 so we may see a healthy correction around this zone and consolidation at 6700 range. If it falls below 6700 it could retest new lows 6200-5900. Next weeks target is 7500-and hit key resistance levels around 7900.

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.