Pitchfork and ascending triangle. We are very bullish at this time so I wouldn't expect to go bellow the middle line of the ascending pitchfork.
Only a disaster could make BTC go bellow that: Another lockdown with more serious containment measures, problems with the vaccines, global economy retrace, alien invasion...
It's not a Short idea. It's just points to re-enter to the market. If you trade as short it could lead to high losses. This is not a financial advice, manage your risks.
Comment your opinion, I'm still learning.
Trade active
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Target 1 Reached.
It looks that it wants to retest on LTF. Safe zone to enter after retest: 16750 if you hasn't buy.
If losses the target, target 2 is a possibility. Attention for 16k level first. .
Trade closed: target reached
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Just first target reached. No problem, it was a good black friday offer on BTC. Hope somebody got this opportunity too. We got the opportunity twice.
Now it's trading over 19k after ATH, if the daily candle closes like that then maybe we could go higher this week (+20k).