thiluxan_s

BTC Short Term Setup - Healthy Pullback Scenarios

BITSTAMP:BTCUSD   Bitcoin
BTC keeps making new highs and higher lows.

RSI posting another lower high and MACD looking good. Healthy from a bullish perspective since we held the current price level.

I could see us trading sideways for a few more days before the next BIG move down or up.

BTC right now is playing nicely off the 50 MA.
If we break under this 9.6k range I see a move down to around 9.3k which in my opinion is still a healthy pullback from a bullish perspective and wouldn't negate the current trend.


It would take for us to break the 9.3k range for me to switch up my strategy, which in that case I’ll eventually update this idea.

Not trading advice, just my opinion and ideas. Safe trading, cheers!
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