3 ways BTC could play out from here.
1. Gains 29,350, continues to re-accumulate and pumps to 29,900-ish
2. Gains 29,350, fails to keep momentum, dumps to bottom of the range @ 29,100
3. Fails to confirm 29,276, dumps to bottom of the range @ 29,178.
Scenario 1 and 2 are more likely to happen.
1. Gains 29,350, continues to re-accumulate and pumps to 29,900-ish
2. Gains 29,350, fails to keep momentum, dumps to bottom of the range @ 29,100
3. Fails to confirm 29,276, dumps to bottom of the range @ 29,178.
Scenario 1 and 2 are more likely to happen.
Note
Long @ 29,375. Stop loss @ 29265. Target @ 29,900. R:R 5
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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.