Skook92

BTC Potential pull-back coming, before moving up! [LONG]

Long
Skook92 Updated   
BITSTAMP:BTCUSD   Bitcoin
Would be healthy to see a pullback to establish support after touching 50k ish.

We could just blow through it, but prepared either way.

** NOT TRADING ADVICE **
Comment:
Got the bounce at $44k looking to break $48k resistance before onwards to 50k+
Comment:
Respecting the chart. Had one pullback to $44k - likely to see consolidation before breaking 50k but could retrace again.
Comment:
Retracing as expected. Likely to dip further and consolidate before next attempt at 51k.
Comment:
It came later than expected but we got a perfect bounce of the to-be support.
Great stuff for us moving forward.
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.