Time to define new target from our previous selling zone.
As I have said in my last post, it was pullback wave to $10,000 (defined sell zone) and it reversed from there, which is what we expected. Everything is going as predicted so analyze target for new bottom and hope it follow-defined path.
The new bottom we are looking here is $8200. From previous up-trend this can be seen as consolidation zone and could change course of trend after hitting $8200 it all depends on how bull play out but until then go short (if your analysis matches mine). STOP LOSS 11,100
We will analyze again, when it reaches near next support based on how it reacts with it. Please like, follow and let me know if you looking analysis for other coins, I will try my best
The new bottom we are looking here is $8200. From previous up-trend this can be seen as consolidation zone and could change course of trend after hitting $8200 it all depends on how bull play out but until then go short (if your analysis matches mine). STOP LOSS 11,100
We will analyze again, when it reaches near next support based on how it reacts with it. Please like, follow and let me know if you looking analysis for other coins, I will try my best
Trade active
Bitcoin hasn't breached the SL, so out target to downside is still active.
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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.