Alot of people are looking at downwards movement right now and a possible head and shoulders. However, I believe another leg up is upcoming.
11.8k and 12k are levels to watch for and if we pass the invalidation level, there is a high chance that we will see new local highs.
If not, it is highly likely that we see the 7000 dollar level.
This is a personal trade I'm taking.
BTC Entry : 9900 Stop : 9385 Target : 11800
I can't stress enough the importance of risk management and that you can't blindly follow trades.
For more updates come join my telegram on the profile link and likes are very much appreciated :)
Comment
⋅
going to market buy in it seems like 5 waves are done for the downside
Comment
⋅
Hey guys, BTC is taking a pounding taking it lower than expected. Before we lose the .854 level, the big picture stays intact and I still expect a leg up to 11.8k before heading to 7.5k.