JCLARK87

BTC Possible short term view

JCLARK87 Updated   
KUCOIN:BTCUSDT   Bitcoin / Tether
Good afternoon!

BTC has seen some bullish PA lately. Expecting one of two outcomes but really depends on what inflation data comes out this week.

Either way, think we are due for some sort of pullback before we go higher. If inflation data looks really good, we could even get to 28k - 30k imo.

Let's see!
Comment:
OOF! CPI data wa no bueno! Path 2 (RED line) is more than likely going to play out and expecting it to break market structure.
Comment:
Nailed it.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.