BTC to 21k and then 27k
Updated
I took profits on my BTC long that I entered at 19k at 23.5k. I won't lie this trend is pretty strong, and I've been a bit afraid to fade it lol. I am waiting for a break in structure, and lower high formation on the 1h to enter any shorts, I do think we have either topped or are close to it. And that we will have a temporary correction downwards to 20-21k, before we make our way up to 27,5k -28k. Which is our next bearish order block on the daily.
Note
Also think if we break 28k and go all the way up to 32, Then we are in a long term upward trend. But if we stay in this bearish channel I do see us going down significantly once we reach the end of the channel.Note
Entered a short, with two targets, 21k and 20k.
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.