My take on BTC
Updated
https://www.tradingview.com/x/kEPTCRg8/
We are getting into an apex area with clear support(3600-3630) and resistance level 3750.
I don't expect we can sustain this slope of growing in a bearish market like now, but we surely can find some support at 3600 level( the worst case I think 3550 will not breached) and continue up the rally.
An retracement of 0.618 - 0.65 from bottom can be the ultimate target to this bull rally.
And then, short it as usual.
We are getting into an apex area with clear support(3600-3630) and resistance level 3750.
I don't expect we can sustain this slope of growing in a bearish market like now, but we surely can find some support at 3600 level( the worst case I think 3550 will not breached) and continue up the rally.
An retracement of 0.618 - 0.65 from bottom can be the ultimate target to this bull rally.
And then, short it as usual.
Note
everything just under expectationNote
looks like 0.382 retracement yield as a heavy resistance and not enough sign of willingness has shown to prove that bulls are able to break the top resistance. To me 3660+ will be the new resistance level and I would take profit gradually once we hit the region.
Forex & Crypto day trader
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