2 possible scenarios
Crazy day for bitcoin and alts
BTC a 10% candle, LTC 40% ETH 16%.
Massive day, please be safe out there. No emotional trading. Let the chart come to you.
TWO POSSIBLE OUTCOMES HERE.
DAILY WE ARE IN A WEDGE NO DOUBT ABOUT IT.
But do we break up, from here with another leg up? this would be our bull case with a target around $4000 to $3800 possible range.
our bear case we continue to lose strength on our rsi on each of the time frames, 1 hour, 3 hour is looking very weak, with no support, we went up too high, too quickly.
Please be safe. Bitcoin does Bitcoin things.
Overall, im in shorts thinking we will go down. because rsi looks weak. Still bear market crypto friends.
BTC a 10% candle, LTC 40% ETH 16%.
Massive day, please be safe out there. No emotional trading. Let the chart come to you.
TWO POSSIBLE OUTCOMES HERE.
DAILY WE ARE IN A WEDGE NO DOUBT ABOUT IT.
But do we break up, from here with another leg up? this would be our bull case with a target around $4000 to $3800 possible range.
our bear case we continue to lose strength on our rsi on each of the time frames, 1 hour, 3 hour is looking very weak, with no support, we went up too high, too quickly.
Please be safe. Bitcoin does Bitcoin things.
Overall, im in shorts thinking we will go down. because rsi looks weak. Still bear market crypto friends.
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.