We've seen a 100%+ recovery after the capitulation drop however in my opinion we are still very bearish.
1) Still within the daily downtrend
2) Retracement to fibonacci honey hole
3) Rising wedge pattern
4) RSI divergence on lower time frames
5) Look left resistance zone
In conclusion I am short on Bitcoin, looking to take initial profit around 7100 with continual reassessment.
Good luck in your trades!
1) Still within the daily downtrend
2) Retracement to fibonacci honey hole
3) Rising wedge pattern
4) RSI divergence on lower time frames
5) Look left resistance zone
In conclusion I am short on Bitcoin, looking to take initial profit around 7100 with continual reassessment.
Good luck in your trades!
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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.