dcmcalderon

MY TAKE: BITCOIN'S NEAR FUTURE

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Ya know what it is boiz

Time to open up some longs in this short term uptrend. We're meeting up at the 9200 - 9500 resistance. I'm hunched on a possible reversal at this level back to minor levels for consolidation. I don't want to open up longs yet coz of the R/R.

Tho, ultimately - watch out for the 11800 - 12100 zone. We might seeeeee some interesting shit on this in the days ahead.

Look up the 2014 Fractal:
- Broke out similar to this recent event
- Had a short term uptrend
- Reversed back to 2/1 Fanned Trend Line

So far, the fractal is still playing out. If we break this 11800 - 12100 zone, looks like it's all clear for us. BULL RUN TIME!!

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.