Because of marginal new low at 8,265.00 that did not make a new low in RSI, I propose end of cycle from 9,188.10 at 8,342.00 with a FLAT that brought bitcoin to retest 9,000.00 mark but should fail to take out 9,188.10. So, if a marginal new high cannot be ruled out, I expect bitcoin to turn lower to break below 8,342.00 to equal leg area at 8,137.83-7,938.15.
Invalidation level to the upside is 7,325.37 for short-term, otherwise, 5,920.72 remains the main pivot in higher time frame.
Buy 8,137.83 stop 7,325.37
Invalidation level to the upside is 7,325.37 for short-term, otherwise, 5,920.72 remains the main pivot in higher time frame.
Buy 8,137.83 stop 7,325.37
Order cancelled
Sorry I think I duplicated this Idea. Closing it and please follow on the other one. Thanks
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.
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.