Hello All!
Following a push up to $11,200, BTC has cooled off and seems to be consolidating in the high $10,000 range. However, I'm looking for some continuation in the coming week considering how the RSI has cooled off from the high 80s & volume has decreased compared to the buying we saw over the weekend.
Long term I'm bullish and looking to unload some of my holdings around $13,000, but short-term I'm targeting $11,900 at around the height of the H&S's potential to lock in some profits.
Hope you enjoy the chart!
Following a push up to $11,200, BTC has cooled off and seems to be consolidating in the high $10,000 range. However, I'm looking for some continuation in the coming week considering how the RSI has cooled off from the high 80s & volume has decreased compared to the buying we saw over the weekend.
Long term I'm bullish and looking to unload some of my holdings around $13,000, but short-term I'm targeting $11,900 at around the height of the H&S's potential to lock in some profits.
Hope you enjoy the chart!
Comment:
Side note — implementing a trailing stop strategy on the daily chart currently supports this long
Trade closed: target reached:
Due to hitting the trend line a day later than expected, the target shifted down ~$200. Downtrend channel line target reached!