Bitcoin have touched its daily resistence in this trend line . I can see also see that bitcoin is gaining alot of wicks at its resistance it is currently at right now. I had this trend line up before this big bull run and it always been respecting the daily trend line . We can expect a brief pull back and a pump of course. I am not the person to tell you bitcoin is fully bullish because atm it is overbought & for example look at the last trend line resistance were it touched and bounced back off also had multiple wicks as we can see now there are forming multiple wicks showing there is selling pressure coming into the market by big whales and we will see a brief pullback around the 12,500 ish range it is possible btc can go down way more before the big pump but this is my outcome.
Thank you for taking the time to review and also leave a comment on your opinion.
Trade at your own risk of course.
Thank you for taking the time to review and also leave a comment on your opinion.
Trade at your own risk of course.
Trade active
Currently have a open position , hit my trend line and bounced back down ass expected. Will keep you guys updated on the outcome. Thanks.
There is still a good shorting opportunity now btw. TP: 12,700 ish
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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.