BitcoinLong
BTC/USD
Two scenarios, but both are still corrective - as of now. It looks like it could potentially be setting up for a nice Long entry. Breaking below 10.2k is a little too close for comfort, but it is not invalidated until a break below 10k. Targets will vary depending on if we move up impulsively or collectively. So I will update if we end up getting some sort of rebound here. Potentially has printed a head & shoulders, but can be invalidated with an impulse to the upside, so the bulls can try to take it out with plenty of liquidity above us.
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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.