coincommand

BTC retest via wick fishing before breaking 10.400 LEVEL

Long
BITSTAMP:BTCUSD   Bitcoin
Currently looking at the BTC/USD chart and eye-balling a break-through of the 10.400 level. We are fainting a weak test of this level before breaking. Hoping and awaiting this scenario to play out before the end of the week. Nevertheless, we will retest the levels (probably) of 9900 - 9800 before going long via some wick fishing into these levels. Should we break the the 9.800 level on a 4H or DAILY closure, I expect us to fall heavily towards the downside and change my bias. As always, welcome to hear your thoughts.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.