$BTC - path that makes sense to me
I'm defo expecting a pull back so maintaining patient for now
Some of that up-leg needs filling and backtesting
Either will be at the median 0.5 red line or maybe the OTE the 0.62 to 0.79 fib retracement of the up leg
if successful we should then push to test 56-58K cluster resistance
if successful at that cluster market has good change of pushing back to low 60's atleast
if failed, that would be a bearish retest and heading low 40's could be a possibility!
Mental pump today - 4H bull divs, 6H bull divs, think even 12H bull divs, 1D RSI almost hit oversold, wicks were filled and bullish 1D and 4H SFP were reasons I would outline
Some of that up-leg needs filling and backtesting
Either will be at the median 0.5 red line or maybe the OTE the 0.62 to 0.79 fib retracement of the up leg
if successful we should then push to test 56-58K cluster resistance
if successful at that cluster market has good change of pushing back to low 60's atleast
if failed, that would be a bearish retest and heading low 40's could be a possibility!
Mental pump today - 4H bull divs, 6H bull divs, think even 12H bull divs, 1D RSI almost hit oversold, wicks were filled and bullish 1D and 4H SFP were reasons I would outline
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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.