With Bitcoin giving off a slight rally towards the market close today we are back above the $63K mark with a healthy chart in front of us. If we can see a break out above the neckline here we have big potential sights ahead of the weekend.
Im currently still in my Long Position from our original break out price of just above 61K. Taking some chips off of the table on hitting our previous price targets as mentioned in the previous ideas and adding more upon the reversion to the mean at around $62,500
what were looking for now is:
Support above the neckline of our W Break.
Volume confirmation, this is very important providing that we do not get the volume we have further potential to see downwards price action.
Price target one and two are in pink.
Of course we always have the possibility to see another slide towards the downside before we move significantly up and vice a versa so we'll be be watching closely!
What's your thoughts and do you agree or disagree with the targets I have in mind for the short term. let me know in the comments!
Not financial advice, just sharing my thoughts.
Im currently still in my Long Position from our original break out price of just above 61K. Taking some chips off of the table on hitting our previous price targets as mentioned in the previous ideas and adding more upon the reversion to the mean at around $62,500
what were looking for now is:
Support above the neckline of our W Break.
Volume confirmation, this is very important providing that we do not get the volume we have further potential to see downwards price action.
Price target one and two are in pink.
Of course we always have the possibility to see another slide towards the downside before we move significantly up and vice a versa so we'll be be watching closely!
What's your thoughts and do you agree or disagree with the targets I have in mind for the short term. let me know in the comments!
Not financial advice, just sharing my thoughts.
