BTC in short squeeze mode up to 10.5 then 10.8

BTC climbed up to this very nerf zone of 10.4 and for this point it may squeeze the late shorters up to 10.5
The top target up to 10.8k

Note

1. Successful run to ~10.5 then rejection to 10.3
2. Currently we are going sidelines and accumulating for 10.8k (retrace)
3. This zone of 10.1-10.4 is where many fakeouts occur as volatility close its range and volume decrease.

Trade closed: target reached

For me personally the target of 10.8 has been reached! Now even if you choose to stay away from the market for a while, it will be a good decision.

What to expect next?
From now on we could see retrace to to break point 10.55k and possible re-test of 10.85k. If I choose to trade this, It will be something like:
1) entry ~10.55k
2) SL around 10.4k area
3) target 10.85k

stell_s1

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.

stell_s1