Target $10502.89 Stop Loss $8848.18
if this cupandhandle, i will go long
Finally , this BTC take correction after exthausted from buy, whales are taking profit for a moment and perfectly bounce from support as i mentioned before at +/- $6300 (little pullback). And now BTC must take a decision, want up or down, just pay attention to the yellow area. U can take short there because its reached oversold condition on 1-H chart. RSI and...
After watching chart in a few days, i feel BTC need correction to make another higher high (if want continue bullish). Because RSI show extreme overbought its need correction, so.....watch closely in yellow support area. if it pullback it continue up again, if it bellow ,dont trade.
2 option : - falling to support 6500 then continue up - continue up to resistabce 7k
as i mention before, btc breakout pitchfork downtrend, and i made new bullrun pitchfork, and now.....its still follow that!! happy trade and be safe guys
BTC has just breakout this channel, and i draw new bullrun pitchfork. Let see in more days. Im still feel bearish anyway.
next resistance $6400, weekly chart and dailly chart still need goes bottom ,so safely we play short again.
btc still following downward channel, now we face third elliot wave. if we break $6800-$7400 we will continue this rally. happy trading and play safe.
BTC follow pitchfork line , Just watch closely in support area in yellow marker. it can be continue down or bullish reversal if made up to pass $7400