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If and only if we are bullish. I am still very much bear, but this is a trade I took since it would be the 4th wave correction and we found support right on the .5 fib. I am long at $7,321 with a SL flipping me to a short at $7,205.
Two short zones. First one being $8,129 to $8,230. Second being $8,394 to $8,493. Wait for confirmed divergence on 4H before entering into a short. This means price must make a new high above $8,087, and RSI must stay equal to or below 77.
Here are two probable pathways for BTC -0.68% right now. If you have any questions in regard to the charts, please comment below.
If you have any questions in regard to the charts, please comment below.