Bitcoin / TetherUSShort
Bullish ON BTC?
Well BTC was interesting today. Due to the closure of option contracts we saw BTC dumping from 49k to 46k retesting the uptrend. The bulls managed to keep it above 46k and making it above 49k. Looking at the breakout of this falling wedge my target is 49.34k ( can go up with high volume). There are few concerns with this pump:
1. Low Volume
2. Upcoming weekend
3. BTC coming in to the exchanges.
It feels like this is the last pump before the September correction. Make sure to take your trades out on TP1.
Let's see where we're heading.
1. Low Volume
2. Upcoming weekend
3. BTC coming in to the exchanges.
It feels like this is the last pump before the September correction. Make sure to take your trades out on TP1.
Let's see where we're heading.
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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.