BITCOIN NEXT MOVE - 8.5K OR NEW ATH? - CryptoManiac101
BTC / USD TA
From looking at structural integrity, we are looking bullish with directional bullish bias which should put us around $17,000 - $22,000 in coming weeks.
From pure logical standpoint, we should see healthy pull back with sideways movement just like we've observed in prior bull runs which lasted usually for 2-5 month.
BULL SCENARIO - We reach New ATH within next 2-4 weeks.
BEAR SCENARIO - We correct back towards support of around $8,500 with sideways movement making New ATH around Q4
We also have bullish STOCH RSI on 12H 24H which does support bullish bias.
Patterns wise, we have a gigantic inverse head n shoulders which was validated earlier with a massive $700 pump.
If you're in trade LONG at this time, setting up a profit stop loss is reasonable and if you're looking for entry at these highs, be aware of the risk.
From looking at structural integrity, we are looking bullish with directional bullish bias which should put us around $17,000 - $22,000 in coming weeks.
From pure logical standpoint, we should see healthy pull back with sideways movement just like we've observed in prior bull runs which lasted usually for 2-5 month.
BULL SCENARIO - We reach New ATH within next 2-4 weeks.
BEAR SCENARIO - We correct back towards support of around $8,500 with sideways movement making New ATH around Q4
We also have bullish STOCH RSI on 12H 24H which does support bullish bias.
Patterns wise, we have a gigantic inverse head n shoulders which was validated earlier with a massive $700 pump.
If you're in trade LONG at this time, setting up a profit stop loss is reasonable and if you're looking for entry at these highs, be aware of the risk.
Trade active
Trade active
Comment:
We are already up 290% from buying at time of posting this TA
Comment:
Of course I'm talking about on leverage
