BITCOIN UPDATE: IF IN DOUBT - STAY OUT!

Updated
As described on the chart, we are caught in no mans land, not very good place to be trading, particularly when you are battling bots.

Much easier to trade the outcome of the break rather than try to second guess it.

Im still overall bearish but aware we may need to go higher before we go lower.

It will be brutal to go up towards 4k and then fall straight through 3k. Keep that senario in mind though.

best,

filbfilb
Note
Just a slight more and then we get to short the 61.8 and hopefully look to take profit off the whole range into the AB=CD Target.

snapshot
Bitcoin (Cryptocurrency)BTCUSDChart PatternsfilbfilbTechnical IndicatorsTrend Analysis

Related publications

Disclaimer