Bitcoin Reclaims The Range
Current position- Long from 9685
In my last analysis I predicted we could be looking at a significant correction ahead, however after we have managed to hold inside the old trading range at 9650 I must admit I am feeling increasingly bullish . A daily close below 9650 would have me looking to short and target much lower. However, given that we are trading above 9650 and have closed multiple daily's and a 3 day above this level I am bullish . I am targeting 11.6 right now, a daily close above that level has me targeting #2.
Note
Stopped at breakeven on 9685 long, Current position long from 95509627 massive spot, hold and we are good to go, breakdown and we could be looking at a serious problem with the "bull market" narrative
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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.