BTC in short-term, Bull takes back the control from Bear
Updated
BTCUSDTAfter many times tries to break down Key Supportance at $7550 but all failed, the Bull is stronger that can take the control back from the Bear.
BTC turns to bullish phase after price break out local downtrend channel and TRIX combine indicator (link below) turns to bullish.
BTC can retest $8500 are this week. To buy BTC at this time can yield better profit by trading altcoin than to hold, so I fell neutral for next BTC's move.
Details are as shown in chart.
Note
Bingo. There is 1 last target at around 9k.BTC can break it this time.
Trade closed: target reached
This analysis comes to an end with all targets passed as predicted.New updated analysis follow to:
Related publications
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.