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BTC Potential pull-back coming, before moving up! [LONG]
Bitcoin
Long
BTC Potential pull-back coming, before moving up! [LONG]
By Skook92
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Updated
Aug 20, 2021
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Aug 11, 2021
Would be healthy to see a pullback to establish support after touching 50k ish.
We could just blow through it, but prepared either way.
** NOT TRADING ADVICE **
Aug 20, 2021
Note
Got the bounce at 44k looking to break
48K
resistance before onwards to 50k+
Aug 21, 2021
Note
Respecting the chart. Had one pullback to 44k - likely to see consolidation before breaking 50k but could retrace again.
Aug 26, 2021
Note
Retracing as expected. Likely to dip further and consolidate before next attempt at 51k.
Sep 7, 2021
Note
It came later than expected but we got a perfect bounce of the to-be support.
Great stuff for us moving forward.
BTC
BTCUSD
Chart Patterns
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Trend Analysis
Skook92
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