Bitcoin Goggles | Short term bitcoin path?Hi guys.
Going up to around the 3500 level.
Then falling down again below 3450.
Purely experimental, use at your own risk. Consult your eye doctor first.
Xbbtusd
I buy this Open LONG position XBTUSD @ $367x - bitMEX
cross leverage
StopLoss: $3645
TP1: 3750
TP2: 3888
TP3: 4022
To SUM UP:
- Expect a decline to 3740$ in the short term, and thereafter you can see an increase to 3880$ for a retest of resistance but I feel a break of this will be easy and we could have another go at 3950-4050$ with a wick.
- Thereafter, we can expect a rejection from these levels and for us to in fact see lows of 3250$ being achieved once again to sustain this fan shape.
- Remember, our downward accumulation zone is currently set at 1750-2200$ ;)
