The Decision Time
Updated
Last couple of days we had a possibility to see power from both - bulls and bears (blue circles). I've seen a lot of arguments if we are bullish or bearish and actually I feel that bitcoin is playing two games - one is bullish and another is bearish and that just thanks to moving in both channels. If we wouldn't have that push from down channel we could be sure - we are bearish. BUT we broke that lower highs trend a we pushed that above last lower high - making higher high.
The more time I spend watching graphs more uncertainty I feel. So for now I'm out of market and I am letting BTC to decide which channel it actually stand for and which way will chose for next short term play.
Bullish: Target 7680-8000
Bearish Target: 6200-5800 may be lower to 4K
For long term play I still think it's rational to go back to liquidity zone under 5800ish region for next bullrun.
The more time I spend watching graphs more uncertainty I feel. So for now I'm out of market and I am letting BTC to decide which channel it actually stand for and which way will chose for next short term play.
Bullish: Target 7680-8000
Bearish Target: 6200-5800 may be lower to 4K
For long term play I still think it's rational to go back to liquidity zone under 5800ish region for next bullrun.
Comment
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For those who following this idea. I modified channels and we've made a lower high which is nice bearish sign. I'm out of market for me this is kinda risky.Keep eyes on this triangle. There will be made a decision if we go to 5,8K or 8K.
Trade closed: target reached
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