What most people don't realize at times like this is to zoom out and check the bigger picture.
This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag.
Also note how the volume is slowly lowering since the kickoff of the bullish run.
In the shortterm bearish scenario:
My first target is going long 6500-6700
My next target is going long 5300 - 5500
in the shortterm bullish scenario is going short at 9000 and 9500.
In my eyes confirmation of a continued bull run would be a higher top than the previous one with good volume.
Like for example a strong close with not a huge wick above 10k.
These are very safe entries looking at the chart now if the volume keeps the same.
This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag.
Also note how the volume is slowly lowering since the kickoff of the bullish run.
In the shortterm bearish scenario:
My first target is going long 6500-6700
My next target is going long 5300 - 5500
in the shortterm bullish scenario is going short at 9000 and 9500.
In my eyes confirmation of a continued bull run would be a higher top than the previous one with good volume.
Like for example a strong close with not a huge wick above 10k.
These are very safe entries looking at the chart now if the volume keeps the same.
Not
UPDATE: Invalid TA due to news.
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.
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.