$BTCUSD Possible short term
I believe we can possibly reach the 40k range short term before a bounce, we haven't had a real bounce on the weekly in this uptrend, a reset and bounce up will give up good momentum, similar situation happened in Sept 2017. Anything below this range could prove fatal, but we expect anywhere between 40-present area to be good buying area for the next leg up. Just my own short term opinion due to recent actions, not financial advise.
Note
Almost thereTrade closed: target reached
Looks like we reached the 200 EMA on the daily from here, let's hope now we have a strong reversal.
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.
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.