pnaik732

Waiting for confirmation

BITSTAMP:BTCUSD   Bitcoin
Plenty of aggressive entries (if you took them, congrats), but a lot of repair work to do and still waiting for confirmation.

For the time being though, shorts are on the wrong side of the trade.

Look for consolidation; if this keeps going there should be decent resistance under 44k

Long after a clean break of 44k resistance (if it is quick), or a successful retest of the major trendline ~40.5k

Failure of major trendline would be negative

not financial advice
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.