BTC's moment of truth
Updated
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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