Bitcoins run to 11K
Updated
Happy Friday everyone. Here is my short term outlook on BTC
- Bulls have managed to push above several Supply levels throughout the week leaving the bears in the dust.
- 5D outlook we see to the left(yellow) a general area in which we formed a "bull trap" before price dropped down.
- We are now looking for a move within this area for a potential "top" level on Bitcoin. This will take out several stops and enter heavy Supply territory. Upon occuring, we can then start looking for sells or bearish strength.
Enjoy
- Bulls have managed to push above several Supply levels throughout the week leaving the bears in the dust.
- 5D outlook we see to the left(yellow) a general area in which we formed a "bull trap" before price dropped down.
- We are now looking for a move within this area for a potential "top" level on Bitcoin. This will take out several stops and enter heavy Supply territory. Upon occuring, we can then start looking for sells or bearish strength.
Enjoy
Note
I am unable to post my first bearish chart but it is on my twitter page. Cheers.Order cancelled
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