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norok
Aug 19, 2021 5:12 AM

Bitcoin Update - 3 Setups Short

Bitcoin / DollarBitfinex

Description

The opportunities at the 47k Resistance are still live. The first was a volatility spike around the Resistance to trigger a pullback trade. It got close to breaking the high but did not hit the stop. The next setup was a breakout of the Retracement Level, Ichimoku Cloud, and the Flag Pattern. There was a third short term opportunity today with a pullback to a Retracement level but if one were already in the first two trades it would not be wise to add until further profits are gained.

Watching for a move down to 39k level initially taking as much time as needed.

The ultimate target is the 15k-12k range.
Comments
CryptoTitans1
Rekt
UnbearableLightness
these bulls aren't giving up
norok
@UnbearableLightness, They were promised triple digits by the end of the year... a 2x still sounds good.
UnbearableLightness
@norok, what do you mean? anyway, it seems as if it's the stock market dragging BTC up..
Wiggler
I agree!
let patience be the key!
Clevortrevor
Wow! 15k - 12k target? That would be incredible.
UnbearableLightness
"taking as much time as needed". Love your patience
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