Bitcoin Bulls ready to unload?
Strictly from a technical perspective BTC is currently under period of consolidation following a impulsive leg to the downside
Momentum is currently shifting, squeezing out the last few bears ready awaiting for the bulls to unload
Risk Reward looking very positive with stop placed below 9,800 handle with a potential profit up to recent highs at 12,000
Momentum is currently shifting, squeezing out the last few bears ready awaiting for the bulls to unload
Risk Reward looking very positive with stop placed below 9,800 handle with a potential profit up to recent highs at 12,000
Trade closed: target reached
Chart Idea is NOT loading completed trade
Target profit was reached on Friday with 1/3 position still open at break-even
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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.