cryptovatsik

NOT Convinced yet on BTC upside

cryptovatsik Updated   
COINBASE:BTCUSD   Bitcoin
Don't want to be a party balloon popper, but it may be worth your while to be patient on this un-confirmed breakout. YES we broke the micro downtrend, YES we look to have broken the range possibly. YES this could be a bull trap.

No we have not broken resistance yet, RSI overbought, pump is already stalling.

Even IF we have bottomed, there will likely be a better entry once more before major upside IMO. Or you could wait until a cleaner breakout and make an entry on the retest of s/r.

Not Financial Advice, stay frosty out there folks.

cryptovatsik
Comment:
Bitcoin breaking down back into the channel/range. Will need to see if the range low holds or not!

Vatsik
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.