BTC Thesis
- Weekly: After a break below $9833 weekly zone zone price formed new lows at $7782. last week candle closed as a shooting star signalling that bears are still tying to push BTC lower.
- Daily: Friday candle closed as a very strong shooting star closing below $8503 and changing BTC structure to bearish. Bears could push BTC down to next target $7782.
- 1hr: Break of ascending TL changing momentum from bullish to bearish. Now waiting for price to pullback into $8503 zone before possibly selling off to $7782.
Trade active
Trade closed: target reached
All targets hit!!! Great trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.