Bitcoin Trying To Move Up
Although a long looks smart to me, we are not out of the woods yet. Longs that are still open from down at 54000 should keep their longs open unless we break below 55800. For people looking for a long, we could potentially get long entry back down at 57255 before a move up. This also depends on when we can get there. I'm looking for a short scalp at 65700 but in order to get there we need to break above stronger resistance which is why this can only be a scalp back down to test 64300. But this also depends where the upwards trendline comes in at and what time frames we start closing above resistance I don't like analyzing moves long term because of the dynamically changing aspect of the market but we must see a 12 hour close above 63600 in order to confirm a break through resistance.
63500 looks good to me as a short with exit at 62400
and 65700 for the next short with exit at 64300.
These entries will likely give anyone a chance to exit without taking a loss but target isn't guaranteed to get hit. Watch your trends.
63500 looks good to me as a short with exit at 62400
and 65700 for the next short with exit at 64300.
These entries will likely give anyone a chance to exit without taking a loss but target isn't guaranteed to get hit. Watch your trends.
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