Bitcoin bounced from trend support.
Next resistance is resistance of sub down trend (red zone)
I am not sure if bitcoin will continue its major bull run. To get clear idea, i would see how it reacts the resistance zone marked
If it gets rejected from resistance zone, comes back down and eventually breaks the support zone, then i would turn bearish
If it simply goes above resistance zone and stays there for a while, i would simply buy the retest of the resistance turned into support zone
Next resistance is resistance of sub down trend (red zone)
I am not sure if bitcoin will continue its major bull run. To get clear idea, i would see how it reacts the resistance zone marked
If it gets rejected from resistance zone, comes back down and eventually breaks the support zone, then i would turn bearish
If it simply goes above resistance zone and stays there for a while, i would simply buy the retest of the resistance turned into support zone
Trade closed: target reached:
Touched the target exactly as expected