BTC looks like it has broken out
Currently there are more shorts than longs on BTC, and i think we will see a spike upwards before we come down
I have taken a fib and noticed that the 618 aligns with the sup&resistance line at 16500
SL under previous low and 768.
Note
I wouldnt be suprised if btc makes another low, but if im right here we may have seen a temp bottom
Most of the fud is out of the market, i think there are more things that can go right than wrong
Currently there are more shorts than longs on BTC, and i think we will see a spike upwards before we come down
I have taken a fib and noticed that the 618 aligns with the sup&resistance line at 16500
SL under previous low and 768.
Note
I wouldnt be suprised if btc makes another low, but if im right here we may have seen a temp bottom
Most of the fud is out of the market, i think there are more things that can go right than wrong
Note
your thoughts on this would be welcomesPerhaps i should have a lower sl as it may test the bottom range
perhaps i should have a higher tp
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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.