Bitcoin
Long

Bitcoin Short Term Trading Idea

136
We can see an inverse H&S-type of chart pattern which could be traded for a short term quick profit. Target around $9600, although it could get higher, but I personally wouldn't ride it for much longer, mainly because I'm still bearish overall, and still think we'll eventually drop to the mid 7Ks. Check my
Bitcoin Possible Bottom 7.4K-ish
if you're interested.

If you decide to trade this pullback, definitely set a stop-loss, because we could experience an unexpected sudden drop.

Cheers!

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.