$BTC - Still bearish and going to sub-6000 if all else fails
My bearish target at 71xx was hit. About $40 off target and that's because of my more conservative style. The coming week is going to be critical. If we break down of the symmetrical triangle, my target is $5850. Chart is invalidated if we break above 8100.
CMF and OBV are showing bearish and unless one of them starts pointing north, I am more bearish than bullish now.
CMF and OBV are showing bearish and unless one of them starts pointing north, I am more bearish than bullish now.
Comment:
Target to go long on the 6H @ $7565.
Shorter time frames like 4H and 6H are showing signs of life. So we are safe for now as we trade sideways, creep up a little more and then hopefully 1D indicators turn bullish. If you intend to go long here, set your stop-loss tight.