TREND REVERSAL!?
Updated
Hello everyone and welcome to some green after living red for quite a stretch. Congratulations to everyone who made great profits shorting the last few months. Ive personally been buying dips and accumulating myself since im not in a position to short the market but anyway.... its looking promising for bitcoin here and my thoughts are there will be a slight pullback here to around 7k where the previous resistance shown as the green triangle meets the 61.8 fib level so it should be pretty strong support right now. IF it does bounce from there im looking for 7700 as my next resistance zone. Bullish news could push us through but right now thats the two areas im keeping an eye on and playing some alts there look great technically and havent pumped yet. Happy trading everyone and as always i welcome and thoughts or comments
Trade closed: target reached
nice run!!! updated chart coming soon
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.