BTC - Bullish Pattern Developing Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Mar 3, 2021 12:36 PM

On track, expecting a short opportunity incoming: around 42.5k to 49K

Best, Hard Forky

⋅ Mar 3, 2021 1:49 PM

Hit target - I expected a longer wick so moved stops to breakeven just in case there is a push on 54K in the next few hours.

⋅ Mar 3, 2021 4:32 PM

Looking bullish, might spike to 55k. Still expecting the retrace

Comments

Samg36726

⋅ Mar 3, 2021 12:42 PM

@hardforky Thanks for the great chart. Based on what you're seeing what timeline do you think for the short opportunity? Today?

hardforky

⋅ Mar 3, 2021 12:54 PM

@Samg36726, today - expecting this push to hit target the and drop back to 49k. Might run higher - $53?

hardforky

⋅ Mar 3, 2021 12:59 PM

@hardforky, I don't often call out a short opportunity so I would not take this as signal :)

Samg36726

⋅ Mar 3, 2021 2:29 PM

@hardforky, working as you said! What's the lowest you think it'll go?

hardforky

⋅ Mar 3, 2021 2:49 PM

@Samg36726, $49,333 is target. There will be a rally before at around $50,200 but this will fail