Bitcoin needs a close above 6600 for a short pump, right now it is stuck in the channel. Trend line right now is upwards so chances are better for an uptrend. But if btc breaks trend en closes at 6200, bear moves are very likely. Right now it is waiting on the conformation candle.
Trade closed: target reached
Note
Waiting for a close above channel at 6500, if so go long.If it does not break trend line it will likely test 6500 again.
When break of trend line occurs short position with T1:6200
Note
Bitcoins next move is critical price has to stay above 6400.
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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.