BTC is consolidating and forming a wedge after a sharp move down. I am looking for this apex to give us a direction on the trade but I am also aware of a fakeout as BTC tends to grab liquidity before moving in the opposite direction.
Currently we have some liquidity and support at the 26,350 level which has not been retested. I would not be surprised if we come down to this level, trap shorts, and then reverse back upwards towards as we are still technically in an uptrend. RSI currently sitting at 35.
We'll see how it plays out.
Currently we have some liquidity and support at the 26,350 level which has not been retested. I would not be surprised if we come down to this level, trap shorts, and then reverse back upwards towards as we are still technically in an uptrend. RSI currently sitting at 35.
We'll see how it plays out.
Trade active:
This 26k level must hold, and see a reaction, otherwise the trade will be null. Long at approx 26,100.
Comment:
Targets $27,50k, then $28,200. If we come in with strength there is potential we move back up to the $30k range. Taking a bit of profit off the table in case we reverse, but overall looking good. No short trades here, looking for higher.
Comment:
Next Target
29K
- $29,400
29K
- $29,400
Comment:
Next target $37k
Comment:
At the weekly so far below $37,350
Comment:
Feeling like there is more strength in the market at the moment. SPY currently moving bullish, us-dollar potentially coming lower. I would not short anything below this current price at the moment. There is potential for a dump with CPI, but the levels are marked below:
Comment:
Nice