Bitcoin Short term Plan- 17Aug
On the last plan posted we did see a bounce off the 46K areas for a good 800 points move, but that was short lived and markets have scaled back on a risk off global mood.
we have a pullback rejection and a lower value area to confirm with that. On the immediate short term looking for a move lower potential for a test into 44500 areas. A deeper scale down can challenge the long term bull thesis as well.
we have a pullback rejection and a lower value area to confirm with that. On the immediate short term looking for a move lower potential for a test into 44500 areas. A deeper scale down can challenge the long term bull thesis as well.
Trade closed: target reached
Nice Play, Move done and dusted.
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