BitcoinShort
BTC to $9K... then ...?
BTC hit my previous target and has completed a H&S patter with a downside target of approximately 9K which is also a retrace to the .618 of this impulse move to the 10.3K area. It's currently retesting the neckline but I am betting it gets rejected. BTC1! futures chart is printing almost the same, so, that corroborates what I think is a likely scenario, especially going into the weekend where all sorts of shenanigans happen. Then, I imagine we either get a gap fill to the $8,500 area or we go sideways until next week, when we start making another push to break through the resistance at the 10.5K area. Only time will tell. Happy trading. :-)
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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.