Should $8000 hold and generate a higher trough, I would anticipate the market moving up to retest BTC @ $10,000.
On the alternate side, a retest of $8000 followed by a lower high would indicate to me a bias toward the bears, and a subsequent retest of the BTC $6500 level
Be safe out there
On the alternate side, a retest of $8000 followed by a lower high would indicate to me a bias toward the bears, and a subsequent retest of the BTC $6500 level
Be safe out there
Trade active
Higher trough was created, market is wanting to continue higher.With the new of BTC's creator being arrested I will want to keep a close eye on the BTC $8500 level. When price comes back down to retest that level, I would like to see volume confirmation with a bounce.
If that holds I will be looking towards BTC $10,000
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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.