Potential Bullish Reversal

We could see a potential bullish reversal on BTCUSD near term. The price seems to be repeating the fractal from before so far. We have seen more and more of these fractals being repeatedly recently. The stock market rally could help the bulls assume control for now but there is nothing much to be hopeful about long term. The larger trend remains bearish and BTCUSD is likely to end up declining down to 7.6k eventually. For now, it is more likely to surge higher and shake out the bears trapped thus far.

50% Profit Taking at T1
40% Profit Taking at T2
10% Profit Taking at T3

LEARNING NEVER STOPS.
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Note

A reversal to 9k again would provide some excellent short selling opportunities.

Note

If this support is broken, $8,584 would be the next key support.

Note

Attention traders, look how closely it printed the previous fractal. More proof that this is all bots and algorithms of the whales and market makers playing retail traders. The game is rigged no doubt but it doesn't mean that we can't profit off it.

Note

We'll be taking 100% profit slightly above T1.

Trade closed: target reached

Sweet!

Note

All three targets hit.

Jefe

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