Woke up this morning had some tea, and a small shot of Hopium. We are forming a possible inverse head and shoulders on the 4 hr. My stop loss was hit yesterday so I am currently waiting on the sidelines to see how high we can go. Oversold on Rsi, this may just be a "refresh" of the RSI to lead to further downside action. My targets are as follows: High 5780 then...
Scenario where we break down and see a potential ranging area that if it played out like this could take quite some time before making a major move out of it.
I'm still bearish short to medium term and hopeful for a long term BTC bull run some time in the next 18-24 months. Swing trading in the interim with extreme caution.
I am probably wrong. do not trade on...