$BTC loaded up for next leg UP!
Many have been calling a bear trend to be imminent, however I see us making at least another leg up. The setup that boosted BTC's price near 8700 seems to be making itself visible once again. A bounce followed by a weaker and longer duration bounce all while playing on top of support. The play was to long anything inside the .385 and .618 fib extension. We just reached our supply zone under .385 and saw a nice bounce, signaling demand is no where near gone. Im expecting a leg up to the 9300 where I will than reassess the chart at that point in time. Bags are loaded
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.