BTC attacking 50k while testing support
Updated
This is just a sketch, a mere view of how the price may move in the really short term. We may see more pumps tonight, and then some longs taking a profit, and whales shorting.
I believe I see a price reversal somewhere in the drag, bottoms becoming higher. One more big 1h candle could push bitcoin into breaking 50500 and going into the upper long-term channel.
This is not investment advice, it's just a scratchpad for ideas, I am not trading BTC but do observe it always when having active trades.
I believe I see a price reversal somewhere in the drag, bottoms becoming higher. One more big 1h candle could push bitcoin into breaking 50500 and going into the upper long-term channel.
This is not investment advice, it's just a scratchpad for ideas, I am not trading BTC but do observe it always when having active trades.
Note
Although it didn't retrace as much as I thought it would, it looks like it's going right after 50k.
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