BTC - A big move soon ?
! Not a financial advice - This is my trading diary ! It helps me think about my ideas.
BTC is lagging momentum, since all attention is now on ETH. For me, this might be a sign that BTC might make a big move soon.
A retest of the top of the range 60-63k is possible, since daily candle opened above the rash ribbons and it made a perfect back test of the point of control of this range. Even though this might look good on the short-term, my sentiment is neutral (to carefully bullish).
Bulls: At the moment, only a breakout with decent volume, with a daily close above 63500 can make price reach new all-time high.
Bears: There might be also a bull trap being placed, BTC is reaching important FIB levels. If this is confirmed, price may revisit the bottom of the range for another long squeeze 51k that could wick much lower.
I am in no trade, waiting for a intraday setup
#btc #bitcoin #tradingidea
BTC is lagging momentum, since all attention is now on ETH. For me, this might be a sign that BTC might make a big move soon.
A retest of the top of the range 60-63k is possible, since daily candle opened above the rash ribbons and it made a perfect back test of the point of control of this range. Even though this might look good on the short-term, my sentiment is neutral (to carefully bullish).
Bulls: At the moment, only a breakout with decent volume, with a daily close above 63500 can make price reach new all-time high.
Bears: There might be also a bull trap being placed, BTC is reaching important FIB levels. If this is confirmed, price may revisit the bottom of the range for another long squeeze 51k that could wick much lower.
I am in no trade, waiting for a intraday setup
#btc #bitcoin #tradingidea
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