BITCOIN / BTC / BTCUSD Short Time-Frame Analysis [SMALL RETRACE]
Updated
We can see that btc has been rejected from the accumilation before the ATH, after a bearish drop to another supporting level.
The area I want to watch is the level circled.
If it breaks this area, and retests with a volume confirmation, I am confident in it reaching the price target below (Green Box)
Please take in mind there has to be a volume confirmation.
If there is a fakeout on the downside (Stop Hunting/Train Track Candles) then there may be also a longing opportunity.
Keep Watch of the daily.
Seeya ;D
The area I want to watch is the level circled.
If it breaks this area, and retests with a volume confirmation, I am confident in it reaching the price target below (Green Box)
Please take in mind there has to be a volume confirmation.
If there is a fakeout on the downside (Stop Hunting/Train Track Candles) then there may be also a longing opportunity.
Keep Watch of the daily.
Seeya ;D
Note
lil' engulfing. 27365 may be a tp if support proves toughNote
Analysis is still valid, however we probably will see upside to 27365 and then maybe a retracement, then watch this area again ;)Trade closed: target reached
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