BITCOIN - TRADING WITHIN NO TRADE ZONE - CryptoManiac101
BTC / USD TA
You can believe whatever you like but you cannot deny long term that Bitcoin is still following bullish trajectory. With we drop below 5k before continuation or is this it? Question that can't be answered with 100% confidence.
Short term it is following bullish fractal and if it is validated we should see break above $7,700 later next week or just before New Years.
If we see it drop below $6,700 we can start talking about $5,000 as our next short target zone for January, however due to insane amount of bearish traders out there, it might end up no happening at all and bouncing off current levels or performing a fake our bear trap.
Would I trade it?
No
If I had to what position would I take?
I'd hedge it... Safest bet to make
You can believe whatever you like but you cannot deny long term that Bitcoin is still following bullish trajectory. With we drop below 5k before continuation or is this it? Question that can't be answered with 100% confidence.
Short term it is following bullish fractal and if it is validated we should see break above $7,700 later next week or just before New Years.
If we see it drop below $6,700 we can start talking about $5,000 as our next short target zone for January, however due to insane amount of bearish traders out there, it might end up no happening at all and bouncing off current levels or performing a fake our bear trap.
Would I trade it?
No
If I had to what position would I take?
I'd hedge it... Safest bet to make
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