Autonode

BTC - One more Bull Push Before Downside Test?

Long
Autonode Updated   
BITTREX:BTCUSDT   Bitcoin / Tether
We're already bumping up against some resistance as shown on the VPVR, but supply hasn't shown up in a big way yet. A quick Effort vs. Result analysis has got me thinking the next push will be slightly weaker than the last two and may be a good point to take a short position, but for now we wait for it to play out. I think the ceiling on this move is ~7k before perhaps a healthy pullback into a higher low situation.
Comment:
The Bullish Targets 1 & 2 are there as other points of resistance that originated as order blocks on higher time frames. These will still be valid targets even with a pull back IMO.
Comment:
Had a nice little pullback before a weaker rally. This Idea is now complete.
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.