Bitcoin is now trading within the previous bull-cycle ranges. the value area low of the previous bull-run range has been reclaimed and the next target is the POC (Point Of Control).
The POC is currently sitting at $38.7k which I would expect to get tapped within the next few days to a week. After that area is tapped, there is a low volume node on the FRVP indicator showing bitcoin can get very bullish after $38.7k up to $49.7k. Those are the areas I would be looking to short.
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This is not financial advice. This is for educational purposes only.
Comment:
This trade Idea is playing out beautifully.