BitcoinLong
Long Entry 5700-5900 - TARGET 6500-6700
Why will I be Long?
1. Bull Div taking shape (4 Hour)
2. A completed Elliot wave on the last swing high followed by the current ABC retracement suggests a bounce around ~5.7-5.9k
3. Shorts at 38k at time of publish
Why I think it doesn't bounce here at 6200-6300?
1. Death Cross between 200, 50 MA (4 Hour)
2. RSI rejected at key resistance level
3. Strong rejections at each Fib Level.
Let me know your thoughts :)
1. Bull Div taking shape (4 Hour)
2. A completed Elliot wave on the last swing high followed by the current ABC retracement suggests a bounce around ~5.7-5.9k
3. Shorts at 38k at time of publish
Why I think it doesn't bounce here at 6200-6300?
1. Death Cross between 200, 50 MA (4 Hour)
2. RSI rejected at key resistance level
3. Strong rejections at each Fib Level.
Let me know your thoughts :)
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