Bitcoin at crucial area
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BTC is in a downtrend. The trend is your friend, therefore you should be short.
BEAR CASE: - BTC is in downtrend, failed to make 200 MA (red line) support. Our short term target is $6,600 but we are at crucial support so be careful with shorts.
BULL CASE - POTENTIAL for Adam & Eve bottom (hasn't formed yet) or "W" bottom. This is also a Harmonic pattern that if successful we should see $+13,000 on BTC. If you want to get long it is better to wait for buying on strength.
BEAR CASE: - BTC is in downtrend, failed to make 200 MA (red line) support. Our short term target is $6,600 but we are at crucial support so be careful with shorts.
BULL CASE - POTENTIAL for Adam & Eve bottom (hasn't formed yet) or "W" bottom. This is also a Harmonic pattern that if successful we should see $+13,000 on BTC. If you want to get long it is better to wait for buying on strength.
Dagangan ditutup: sasaran tercapai
Short term target of $6,600 was hit! I would advise caution with shorts as we are at crucial support here. Bull Target $8,600.
Bear Target $6,000>
Penafian
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