BitcoinUpdated 10.2k Target
Thought we were going to get rejected from 9.9k , got stopped out on my shorts for small loss , Found an Entry at $9870 , 21 EMA is acting as resistance at 10,147 . We need to get above that and break the resistance at 10.2k to target our monthly open at 10.7k and range high's at 10.9k-11.2k. Unable to reclaim the 21 EMA or break the resistance at 10.2k will likely result in new lows and downside targets will be 8.5-8.8k. If we break 10.2k we either get rejected from 10.7k or 11.2k. i think we go down from here. Oscillators - MACD bullish on LTF's and RSI bullish on LTF's. Need to see bullishness in one of these indicators on Daily TF for me to believe that we can break 10.2k.
Trade closed manually
Closed Longs at 10,050 for a 8% ROE
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.
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.