six19trading

As long as it stays above 9800 (ideally 10k) I am still bullish

six19trading Updated   
BITMEX:XBTUSD.P   Bitcoin
-Lets see how the next few days/weeks play out.
-I can see it easily going either way

Are you bullish or bearish at this point in time?
Do you think there is still more price action up or are we ready for a pullback? Or a massive correction?
Comment:
When i say next I expect it to either stay above 10k and consolidate which would be a very bullish sign which means the next target is 10.5.
It will most likely reject several times as it is part of the macro trend line from 2018. If it breaks this trend line expect a move up to 14k from last years high. The bearish scenario is volume from the bulls just aint enough to break through. But I expect at least a few retests before it finally breaks down.

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.