Previous trade played out beautifully, We broke out of downward MM channel, my hypothesis is that 16k was the bottom as seen by the bounce off ob and previous bull high. We should likely see a retest/momentum reset before a HUGE bart up signifying a brand new bullish cycle. Cam't wait for this and as always, safe trading muh hombres ~Cas
Looks like we are going to bart down until a support level for a retrace and momentum reset before going up. We haven't hit the target where two channels intersect therefore I am still bullish as I believe that we are in a short-term bullish trend. You MAY look to short here, TP would be at those two green lines. I would LOOK TO LONG there, you can also open up...
BTC touched the monday high and OB, it will go down to the monday low+channel and find support as a retrace(this is where you may look to long if confirmed). Target would be the top channel+OB area.
