BTC BULLISH!?!
Updated
A break to the upside of this descending triangle on the 3 day chart could signal a nice thrust upwards for btc. im looking for it to break 7600 with nice volume to break the trendline. Im definitely keeping in mind that there are a ton of shorts posted between where we are and that target though. Failure to break will probably result in a nice pullback but right now im cautiously bullish short term
Note
theres the pullback the reason i was cautious in that zone. im setting buy orders at the 6100-6000 usd range. I think we will retest the support area once again here before any real rally is possible
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.