In our last Bitcoin Analysis. we were signalling that we may see a breakout soon. Since that post, we got a massive 30% breakout!
Retracement Long Scenario:
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
Continuation Long Scenario:
Watch for price to break the 41K level and get in on the retest of 41K with stops below the structure.
Short Scenario:
Watch for price to break the 36k level and enter on the retest with targets of 30K. Stops above the 36K structure level.
Retracement Long Scenario:
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
Continuation Long Scenario:
Watch for price to break the 41K level and get in on the retest of 41K with stops below the structure.
Short Scenario:
Watch for price to break the 36k level and enter on the retest with targets of 30K. Stops above the 36K structure level.