Bitcoin Short Target Long Entry Bitfinex
Updated
What happens: I believe this is a short term correction. BTC hit the 5th arc pair in a 60min set-up
Where can we go: I hold 8600 for a likely target which is the bottom of a square.
And if not: the next target and quite heavy support would be around 8100 where the price will hit the 3rd arc pair of the down set-up and the top of the first square of the uptrend set-up.
Trade safe!
Where can we go: I hold 8600 for a likely target which is the bottom of a square.
And if not: the next target and quite heavy support would be around 8100 where the price will hit the 3rd arc pair of the down set-up and the top of the first square of the uptrend set-up.
Trade safe!
Trade active
We reached our target/entry point quite well. The declining volume of the supply candles paired with a high volume of the recent demand bar suggests to me that the short term correction is over. If you haven't made an entry yet, the 9325 level looks appealing to me.
Preliminary target would be 10300 which is the top of the 3rd square.
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