Bitcoin intraday $7400 target
Hey guys, BTC is performing really well over the past few days, now a need for a small pullback is coming up.
There is heavy resistance around $7800 fib level. I dont think bulls have enough power to push it through right now. Moreover with a rising wedge and nearly over-bought RSI indicates a small drop towards $7400 or $7200 max.
This would give enough room to BTC to try a breakthrough $7800 then.
However this may be a bear trap so i recomend you to use stop-limit orders optimally.
Happy investing!
There is heavy resistance around $7800 fib level. I dont think bulls have enough power to push it through right now. Moreover with a rising wedge and nearly over-bought RSI indicates a small drop towards $7400 or $7200 max.
This would give enough room to BTC to try a breakthrough $7800 then.
However this may be a bear trap so i recomend you to use stop-limit orders optimally.
Happy investing!
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.