Bitcoin Retest of support 10230
Idea is that we pull back. Stop loss 7.1k target 6.5k. Risk reward 5:1
Inverse head and shoulders pattern.
Short-term see it going back up.
Good time to go long, see 123 bottom pattern. Going in a uptrend to retest resistance. Target is at 420'0 on resistance line.
See a mid-term correction back to trend line.
Has tested the all time high several times and hasn't broken to the upside. Expect a large break down and huge move down.
I predict bitcoin selling off and bouncing off at one of the support levels. Put two different scenarios in arrows.
ETH/BTC short idea
Really low volume and spike candles may not be a true break. If it starts moving down I see it bouncing of the longer term trend line. We may revisit 700-705 not bearish unless this level is broken.
Looking at a potential breakout with upside. Possible we break to the downside back to the 700-705 support line.
Support in the 705 area expect it to bounce of and consolidate before testing the 770 area then possible break to test newer highs.