Shorting here as a hedge and will cut if I see if idea is invalid, Using the trendline that has confirmed the last few reversals to the downside, Using Zeus Rsi reversal signal, Will cut if Rsi doesn't flip red. Targets/SL E: 53782 SL:55805 TP1: 51555 Tp2:49000 I would like to long 48000 and will most likely flip in that area (the EVWMA is curling at 48k area)
Need to maintain the White trend line to continue bullish bias A breakdown back into range is considered bearish for me, If Trendline is maintained I will build a position with a Bullish bias - Currently we are at a very crucial moment as we are finally retesting the Range high as well as testing the White trendline This is a Long term idea and will most...
Bitcoin will most likely pull back from its current positions. If we make a LH and a HH we can continue further in the current uptrend if we make a LH and a LL we might see a new downtrend form, nothing is for certain as Bitcoin is very volatile I will be looking to bid the 0.618 and the 0.786 fib level (50,000 and 51,000)