BITCOIN TARGET HIT - WHAT'S NEXT?
Güncellendi
What a week we had in crypto market!!!
Our target of $6650 was met precisely! I mentioned that we should expect $500-$1000 candle, and we had 500$ move couple days after.. :)
I expect consolidation of some sort to be seen before bullish rally.. Orange box is consolidation zone 0 if we close above on daily - longs can be opened with best R/R ration depending on your trading management.
Next target is $7750-$7850 region with possible spikes to ~$8000.. Only closing daily above $8500 would switch my bias and it can turn out to be strong bull rally - until then, I'm sticking to the green regions as my TPS
Keep in mind that we have important zones to cover lower than our recent low - that's why I think it will be just a "dead-cat-bounce" before continuation lower.. A lot of choppy price action to be expected too! *Don't forget to take profits if you see market turning around at crucial zones.
This is not a financial advise. Have a good one!
Our target of $6650 was met precisely! I mentioned that we should expect $500-$1000 candle, and we had 500$ move couple days after.. :)
I expect consolidation of some sort to be seen before bullish rally.. Orange box is consolidation zone 0 if we close above on daily - longs can be opened with best R/R ration depending on your trading management.
Next target is $7750-$7850 region with possible spikes to ~$8000.. Only closing daily above $8500 would switch my bias and it can turn out to be strong bull rally - until then, I'm sticking to the green regions as my TPS
Keep in mind that we have important zones to cover lower than our recent low - that's why I think it will be just a "dead-cat-bounce" before continuation lower.. A lot of choppy price action to be expected too! *Don't forget to take profits if you see market turning around at crucial zones.
This is not a financial advise. Have a good one!
Not
Didn't make an update for a while, sorry for that guys!7800-7900$ region was hit. I expect more downside momentum in medium term.. Take care
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.