Long

Short term for BTC

Updated

Great fight at around the 6170 level and a small pump is keeping the H&S still in play (Although a chernobyl H&S that is). I'm long for the short term towards the 6800 - 7000 levels. Let's see from there.

Any chances of getting below 6150 - 6200 can be painfull for the bulls.

Note

Doesnt look too good on the 4h timeframe:

Note

So I had another look at the chart and i'm focusing on two key scenario's right here:

1: Bouncing off the 6750 for the second time and retract back towards the uptrend (short term)

2: Break the 6750-6850 resistance and move towards the downtrend resistance.

My bet is on the second scenario, but only increasing volume can confirm.

Note

Jup it's still following scenario 2. If it is breaking the previous uptrend, we can see a run again towards 7700 - 7800. LOONGGGG

ChartB3nder

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