Bitcoin bouncing to 8.7k - Short term quick scalp opportunity.

Bitcoin is set to test the 8.7k levels after clearing the crucial 8.2k level on the charts.

If 8.7k level breaks - I might become slightly bullish, But BTC needs to go above 9.4k for me to be long term bullish.

But middle term trend still looks to the downside - As long as 9.4k holds as resistance - don't be bullish on BTC long term..

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I won't be surpised if we get a wick to 9k TBF.

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This is just a short term trade opportunity. Not for long term play.

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Trade idea would be invalidated on close below 8,200 on 4h. But for now its on.

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This is a short term scalp only if market moves against , Will get out very fast cuz obviously trend is down and catching knives is risky.

Order cancelled

close below S-R level as long as it stays below 8250 on the 4h.

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hourly S-R levels also broken.

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Order cancelled

Trade active

Trade idea back on close above Resistance.

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Ok i am totally perplexed here and dont know wtf is going on. Resistance broken, turns into support And is getting tested many times for my own comfort. If it breaks in this 4h, I am out of my position and going short.

Damn man this consolidation CHOP IS HARD AF to trade.

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But market did test the 8,550 area(i predicted 8.7k..) but still i hoped it would stay in that region longer. This is really pathetic from the bulls so far.

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but ofc just waiting for yet another 4h candle close in this miserable sideways chop before going short. close below 8.2k area to confirm.

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Not broken yet..But watching v.closely.

Order cancelled

Really disappointing from the bulls so far on this sideways chop.

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Daily 200 SMA @ 8.4k will provide lots of resistance. fuk catching a falling knife go with the trend.

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