Bitcoin Daily Outlook
*CA members were able to catch longs from $19,300. As long as we do not see a fake-out on the daily tomorrow, we should be on the road to 22k. From there, I may look at shorts at 22k or possibly 24k if we continue pushing higher.*
Daily:
Bitcoin closed indecisively bearish on a volatile day. Price traded down and created a daily low less than 20 pips under the original swing entry of $19,300. This break and retest served as another great opportunity to buy the market up to $22,000. We had an indecisive closure today and I think bears will take over in the future but the massive bullish recovery and momentum we have seen today could help push us up to our final target. If we hit $22,000, my eyes will be set on shorts from that level or around $24,000. We need to see tomorrow’s closure to make sure there is no fake-out. I’ll pay close attention to the intraday.
Intraday:
The intraday was volatile with about $2,500 worth of total movement. I remain bullish in the short-term and may look for re-entries if we can hold our current intraday support level at $20,100.
Daily:
Bitcoin closed indecisively bearish on a volatile day. Price traded down and created a daily low less than 20 pips under the original swing entry of $19,300. This break and retest served as another great opportunity to buy the market up to $22,000. We had an indecisive closure today and I think bears will take over in the future but the massive bullish recovery and momentum we have seen today could help push us up to our final target. If we hit $22,000, my eyes will be set on shorts from that level or around $24,000. We need to see tomorrow’s closure to make sure there is no fake-out. I’ll pay close attention to the intraday.
Intraday:
The intraday was volatile with about $2,500 worth of total movement. I remain bullish in the short-term and may look for re-entries if we can hold our current intraday support level at $20,100.
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