NightTerm

Update for last short BTC lvls

COINBASE:BTCUSD   Bitcoin
I sketched a poor trendline for positive scenario,If it is respected - and next 2-3 daily candles will close above, Stoch and MACD turn back. We are propably right way to next price targed more than ~12,150$. But i would like to see some consolidation between current price channel, predicted with higher lows, to take a rest, and form greater triangle (to break it to 14,000$. Stay in mind that we propably catched support on BTC dominance at ~62% (with price at daily chart 61,60-62,60) but.. check out fear and grid index on 75 points. Higher levels was seen last holiday then we dropped 24% in the day- if this situation would be similiar, we would be close to 200 MA. Meanwhile
I also have in mind, that belief in money is weak, and a lot of new money from air going into the markets. I would like to see more confirmation to go up.
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.