Bitcoin , Don't listen to 'em!
Updated
I can see some hype going on shorting bitcoin while the same traders a few days back were aiming for 6k targets lol.
Wait for the perfect price action to happen & then Long/Short.
It's currently trapped in a triangle where the resistance has been tested 2 times & the support almost 3 times which indicates that the support may not hold next time if it touches it (the blue lines) .
If the candle closes below the triangle the Pink lines will be the first two targets & the green box will be the final target & vice versa if it breaks the triangle in the upward direction.
Wait for the perfect price action to happen & then Long/Short.
It's currently trapped in a triangle where the resistance has been tested 2 times & the support almost 3 times which indicates that the support may not hold next time if it touches it (the blue lines) .
If the candle closes below the triangle the Pink lines will be the first two targets & the green box will be the final target & vice versa if it breaks the triangle in the upward direction.
Note
How did I obtain targets?1. Take Fib tool & draw it downwards the point A to Point B -- >>>
2. Once more take the Fib tool & draw from point B to Point C -- >>>
Note
After drawing both the fib tools notice the gap between -0.236 & 0.382 thats our target! Note
MACD update Note
Note
Strong af resistance!!
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