BitcoinLong
BTCUSD: Closing shorts, looking for longs
BTCUSD has reached my earlier ABCD downside target of $6,600 and appears to be holding well with higher than normal volumes. Would be looking for speculative longs with confirmation upon break of red down trendline. 2 potential scenarios:-
#1 A counter-trend up move to $8,300 for c.+19%
#2 A higher low off the Feb lows for an ABCD target of $12,500, +80%
#1 A counter-trend up move to $8,300 for c.+19%
#2 A higher low off the Feb lows for an ABCD target of $12,500, +80%
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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.