BitcoinShort
Still in a running flat
Still dealing with a running flat. We've broken a long term trend line so personally I'm leaning more bearish so I'm still in my short. It's going to drag out, but hopefully we can get a move down to $6,400. However, there is a possibility for an extended 5th leading us up to $7,800-$8,500 depending on how bullish it is. Although not likely, if things turn impulsive to the upside here I plan on trading it up. Invalidation for an extended fifth would be a break below $7,230. Ultimately, if we do get an extended fifth I'm still planning on shorting the top as it would become an expanded flat.
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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.