Hi All,
After seeing todays shorts getting rekt n sudden death drop. BTC price has balanced itself as if for price action no event has happened.
After facing heavy support at 6000 mark, i doubt it vl break it but move towards new Resistance of 7400 ish marked on chart, which coincides with 61.2 fib retrace , it perfectly makes sense in TA.
As all points are getting connected somewhere 7400 mark, it is safe to assume that BTC will get bull run till 7400, this event will not mean that bear trend is over.
PS: All of above are my own opinion, please do your own research before investing.
If you agree, hit like and subscribe, if any doubt or anything else plzz comment.
TC
After seeing todays shorts getting rekt n sudden death drop. BTC price has balanced itself as if for price action no event has happened.
After facing heavy support at 6000 mark, i doubt it vl break it but move towards new Resistance of 7400 ish marked on chart, which coincides with 61.2 fib retrace , it perfectly makes sense in TA.
As all points are getting connected somewhere 7400 mark, it is safe to assume that BTC will get bull run till 7400, this event will not mean that bear trend is over.
PS: All of above are my own opinion, please do your own research before investing.
If you agree, hit like and subscribe, if any doubt or anything else plzz comment.
TC
Comment:
As said it did go to 7410 :)
Trade closed: target reached