BitcoinUpdated BTC- Still Kicking Beware
We have a well defined flag pattern.
I has quite a bit of buying volume even thought there is such negative sentiment.
Shorts are at almost record high which leaves them very exposed to being squeezed.
Resistance and targets converge for me at 7185
It might break with this current momentum or pull back some before going at it again
Don't be short here. Wait until we finish this bull leg 7200? 7500? we will see when we get there.
I has quite a bit of buying volume even thought there is such negative sentiment.
Shorts are at almost record high which leaves them very exposed to being squeezed.
Resistance and targets converge for me at 7185
It might break with this current momentum or pull back some before going at it again
Don't be short here. Wait until we finish this bull leg 7200? 7500? we will see when we get there.
Note
6850 Will be the next area to watch closely if we get impulsing out of hereNote
6200 Pullback support
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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.