BitcoinLargo
Fake out or Break down
Actualizado
BTCUSDBroke down below the .618 fib easily. This could indicate more bearish momentum or a fake out to shake out the weak hands on a Sunday and market will turn once Monday comes about.
Only bullish scenario here is
- Gartley pattern
- Similar fractal play to the previous 6k pattern
- Volume is picking back up could indicate exchange from weak hands to strong hands
The bearish scenario is of course
a retest of the trendline showing confirmation of broken uptrend and trading downwards to 4.5k during the following weeks.
Entering a long now is a good risk reward with tight stops.
#btcbulls
Nota
1hr TF
- Bullish Div on RSI & OBV
Operación cerrada: precio stop alcanzado
stopped a retest of trend and a breakdown
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