Hello dear Traders, today I will tell you why we are going to 6000 dollar area.
SHORT SCENARIO
Bitcoin held the support area of 6000 dollars for a long time, however mid november we broke this support.
All the way to 3000 dollar and now we are sitting currently around the 8600-9000 dollar area.
But facing this strong confluence zone of both the prior high & the 50% fib of the pitchfork i think we will retest the 6000 dollar area.
Trade wisely, put your SL at the top of the last high ~9000 dollar.
LONG SCENARIO
If bitcoin is able to break the 9000 level, we will go all the way to 10K.
Happy trading
SHORT SCENARIO
Bitcoin held the support area of 6000 dollars for a long time, however mid november we broke this support.
All the way to 3000 dollar and now we are sitting currently around the 8600-9000 dollar area.
But facing this strong confluence zone of both the prior high & the 50% fib of the pitchfork i think we will retest the 6000 dollar area.
Trade wisely, put your SL at the top of the last high ~9000 dollar.
LONG SCENARIO
If bitcoin is able to break the 9000 level, we will go all the way to 10K.
Happy trading