Small correction before further upside on BTCUSD
Hello traders,
Welcome to my first ever published TA, this is just an idea and I want all your opinions on it. I'm still learning so don't use my investment strategy as financial advise.
Looking at the price action the past few days I think we're finally looking at a short term more bullish BTC.
Watch: 12.1k USD for breakout to 13k, 10k-10.25k for start of a new downtrend to possibly the 8.5-9k USD support range.
Welcome to my first ever published TA, this is just an idea and I want all your opinions on it. I'm still learning so don't use my investment strategy as financial advise.
Looking at the price action the past few days I think we're finally looking at a short term more bullish BTC.
Watch: 12.1k USD for breakout to 13k, 10k-10.25k for start of a new downtrend to possibly the 8.5-9k USD support range.
Comment:
NOTE: There is also a possibility price stays within the green triangle, in that case it will go up to 13k without going through ABC first.
Comment:
BTC should stay above 11k, expecting some consolidation leading into a breakout attempt somewhere in middle of this week.
Order cancelled:
Looking back it seemed like it hit my 2 points and then decided to break down which triggered a panic sell causing us to find our bottom again. Tomorrow we will go back to our C point to resume our destination ;)