BitcoinUpdated Potential scalp trade off the 1.618
Looking for a potential short term long at $6,500 up to roughly $6,800-$6,900. We are due for a bounce and the bears are getting exhausted. Depending on price action I will assess the potential upside target as we progress into the potential trade.
Note
Took a risky long off that spike and rejection. Was based off a gut feeling and imperfect wave structure. Not advised to do the same but we may get a bounce.Note
A break below $6,500 would take us to $6,100-$6,200
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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.