Well...well....well, looks like bears still playing lazy.
Anyways TIME is running out for bears to make their case so knowing that bearsstill have like
8 to 11 1hr candles to make their case so we came out with 3 scenarios and are as follow.
(1)- it breaks out from where it is right now or
(2)- It makes another narrow sideways move and then breakout or
(3)- Drops quick in a couple of candles with nasty wicks just to bounce back up quick.
I'm inclined for the #3 option cause there's still TIME to happen but all depends on volatility, the bright side of this dilemma is that all of them will end up above the $85k line during the week, once it gets there will take another look. Place your bets ladies and gentlemen and buckle up, and get ready for a wild ride.
Anyways TIME is running out for bears to make their case so knowing that bearsstill have like
8 to 11 1hr candles to make their case so we came out with 3 scenarios and are as follow.
(1)- it breaks out from where it is right now or
(2)- It makes another narrow sideways move and then breakout or
(3)- Drops quick in a couple of candles with nasty wicks just to bounce back up quick.
I'm inclined for the #3 option cause there's still TIME to happen but all depends on volatility, the bright side of this dilemma is that all of them will end up above the $85k line during the week, once it gets there will take another look. Place your bets ladies and gentlemen and buckle up, and get ready for a wild ride.
Trade active
Well...well...well, looking good...looking good. After Bitcoin sideways move we can see clearly that just entered the area where it will breakout to draw its upper range line with targets at $85785 and max at $87365 at time of this post. Place your bets ladies and gentlemen and buckle up lets enjoy Bitcoin next wild ride.
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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.