BTC - Short update
Updated
Please see previous idea for in more in depth logic.
As kind of expected, the price reached and rejected off the 4.618 advancement.
From here, BTC has the potential of turning bullish again once the daily crosses over the 2/1 line. Potentially within a couple days from now.
That could cause it to make another run at breaking 14k
But until a breakout is confirmed, the trend suggests bull trapping be happening.
Good luck!
As kind of expected, the price reached and rejected off the 4.618 advancement.
From here, BTC has the potential of turning bullish again once the daily crosses over the 2/1 line. Potentially within a couple days from now.
That could cause it to make another run at breaking 14k
But until a breakout is confirmed, the trend suggests bull trapping be happening.
Good luck!
Note
About to hit the first target box :)Note
First target reached.
Related publications
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.