A short term bounce?
BTC appears to have found a new support and looks for a bounce back to the $9500 and possibly the $9800 range. 4 hour RSI bouncing from slightly oversold area, volume has been declining.
The plan: I am not in a long, currently out of my short position and waiting to short anything above the equilibrium to the top of the channel once again until the trend is broken.
Stop loss at $10055
profit targets at $8900's, $8700's, and $8500,s.
The plan: I am not in a long, currently out of my short position and waiting to short anything above the equilibrium to the top of the channel once again until the trend is broken.
Stop loss at $10055
profit targets at $8900's, $8700's, and $8500,s.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.