Bitcoin has hit our target
Bitcoin has achieved the 10643 level we were talking about, so whats next?
News
-None
TA
-Macd is bullish, but a roll over looks like its under way if bitcoin can't make high highs.
-RSI is overbought indicating its going to correct. As you see we are in an uptrend so a healthy pullback is natural.
-Pull back range is from 10488.12-10533.73 with ema pullback to the 10450ish
Final thoughts
A 20x short is recommended or if you remain in your long a tight sp at 10595ish. Again we have to wait for more price action to determine the outcome, but it looks like theres strong support at the 10250ish level if a full dump is underway. CME gap still not filled, but I don't believe we will go under 10k
News
-None
TA
-Macd is bullish, but a roll over looks like its under way if bitcoin can't make high highs.
-RSI is overbought indicating its going to correct. As you see we are in an uptrend so a healthy pullback is natural.
-Pull back range is from 10488.12-10533.73 with ema pullback to the 10450ish
Final thoughts
A 20x short is recommended or if you remain in your long a tight sp at 10595ish. Again we have to wait for more price action to determine the outcome, but it looks like theres strong support at the 10250ish level if a full dump is underway. CME gap still not filled, but I don't believe we will go under 10k
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