mrmeeseeks

BTC 4HR SHORT-TERM LONG — Initial Target ~$11,900

Largo
mrmeeseeks Actualizado   
COINBASE:BTCUSD   Bitcoin
Hello All!

Following a push up to $11,200, BTC has cooled off and seems to be consolidating in the high $10,000 range. However, I'm looking for some continuation in the coming week considering how the RSI has cooled off from the high 80s & volume has decreased compared to the buying we saw over the weekend.

Long term I'm bullish and looking to unload some of my holdings around $13,000, but short-term I'm targeting $11,900 at around the height of the H&S's potential to lock in some profits.


Hope you enjoy the chart!
Comentarios:
Side note — implementing a trailing stop strategy on the daily chart currently supports this long
Operación cerrada: objetivo alcanzado:
Due to hitting the trend line a day later than expected, the target shifted down ~$200. Downtrend channel line target reached!
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