Bitcoin: stops hunted, now we can open long:)
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Last squeeze below 7600 was an obvious stops hunt. Now price has made a pretty strong bounce, broke the falling wedge and can test 8100 zone again.
In my public channel (check signature) we have even made a small profit on last squeeze below 7600. Now after the bounce we have opened long. You can open long now as well, or you can wait for a small (~50$) retracement and then open long.
Looks like bears are losing momentum but for now it could be just a retracement/correction. On dayly timeframe market doesnt look bullish yet. Bitcoin price can even try to close big CME gap, but still drop after that.
I will post new updates of this idea if anything important happens.
What are your thoughts on it? Lets discuss in comments!
Last squeeze below 7600 was an obvious stops hunt. Now price has made a pretty strong bounce, broke the falling wedge and can test 8100 zone again.
In my public channel (check signature) we have even made a small profit on last squeeze below 7600. Now after the bounce we have opened long. You can open long now as well, or you can wait for a small (~50$) retracement and then open long.
Looks like bears are losing momentum but for now it could be just a retracement/correction. On dayly timeframe market doesnt look bullish yet. Bitcoin price can even try to close big CME gap, but still drop after that.
I will post new updates of this idea if anything important happens.
What are your thoughts on it? Lets discuss in comments!
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