Hello guys,
If Btc can breach 9200 that would give us a bullish signal with a initial target of 11500$ (25%) upside potential the R/R here is fantastic. Incase we dont breach 9200 i would be very very bearish and expect new lows this could also indicate that the tradingrange of the last 3 months is in distribution.
i will keep this idea updated.
- Rakim
If Btc can breach 9200 that would give us a bullish signal with a initial target of 11500$ (25%) upside potential the R/R here is fantastic. Incase we dont breach 9200 i would be very very bearish and expect new lows this could also indicate that the tradingrange of the last 3 months is in distribution.
i will keep this idea updated.
- Rakim
Comment:
Not good btc probably we are going to make new lows looks like the whole 3-4 month trading range is in distribution the downfall is going to be epic