BitcoinUpdated The Bitcoin Bounce...
Bitcoin looks like it was going down this channel and has done a nice V-shaped reversal. If you're playing the bounce I'd monitor Volume, the RSI and Exponential resistance/support.
$11,130 is the 22 EMA so I expect a push up to that and depending on volume can see Bitcoin making another push for 12k. Keep in mind that longing in this area is risky so it's best to just keep track and wait out to see how volatile this gets.
$11,130 is the 22 EMA so I expect a push up to that and depending on volume can see Bitcoin making another push for 12k. Keep in mind that longing in this area is risky so it's best to just keep track and wait out to see how volatile this gets.
Note
12K hit on some exchanges. I'd exit here if you were long from the initial bounce.
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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.