BTC 4HR SHORT-TERM LONG — Initial Target ~$11,900
Hello All!
Following a push up to $11,200, BTC has cooled off and seems to be consolidating in the high $10,000 range. However, I'm looking for some continuation in the coming week considering how the RSI has cooled off from the high 80s & volume has decreased compared to the buying we saw over the weekend.
Long term I'm bullish and looking to unload some of my holdings around $13,000, but short-term I'm targeting $11,900 at around the height of the H&S's potential to lock in some profits.
Hope you enjoy the chart!
Following a push up to $11,200, BTC has cooled off and seems to be consolidating in the high $10,000 range. However, I'm looking for some continuation in the coming week considering how the RSI has cooled off from the high 80s & volume has decreased compared to the buying we saw over the weekend.
Long term I'm bullish and looking to unload some of my holdings around $13,000, but short-term I'm targeting $11,900 at around the height of the H&S's potential to lock in some profits.
Hope you enjoy the chart!
Note
Side note — implementing a trailing stop strategy on the daily chart currently supports this longTrade closed: target reached
Due to hitting the trend line a day later than expected, the target shifted down ~$200. Downtrend channel line target reached!
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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.