4hr update on Requiem for a Bitcoin
Updated
Price has been rejected again near the top of the range. Curling back downwards, we may break below the staff entirely and touch the mid to low 38s, possibly 37. Super strong support at 37.3 but am not concerned with us going that low (yet).
Plan: Short until we break below the staff line by a measured bulk of the 4hred range support to resistance. Then go long. Add to position if we reach below 38k.
Plan: Short until we break below the staff line by a measured bulk of the 4hred range support to resistance. Then go long. Add to position if we reach below 38k.
Note
We had a short squeeze instead leading up to the CPI data report. I will be reopening my short if/when it gets to the level of $45,200.tradingview.com/chart/bCVLi860/
Note
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