BTC is maintaining support outside of its falling wedge. Our scenario is in play.
We expect it to bounce off resistances at 6700 and 7050 on its way to 7200. 8400 would be the final potential target for a 50% retracement from the previous high.
We are still BEARISH on BTC expecting an eventual target of 4800-5000 so understand the risks if you trade on this signal. Use only a small amount of your capital and respect stop losses. You can buy in between 6200-6300.
Target 1: 6689
Target 2: 7042
Target 3: 8280
We expect it to bounce off resistances at 6700 and 7050 on its way to 7200. 8400 would be the final potential target for a 50% retracement from the previous high.
We are still BEARISH on BTC expecting an eventual target of 4800-5000 so understand the risks if you trade on this signal. Use only a small amount of your capital and respect stop losses. You can buy in between 6200-6300.
Target 1: 6689
Target 2: 7042
Target 3: 8280
Trade active:
Target 1 achieved. BTC is following our expected retracement.