BTCUSD - Mid to Long Term Look & Potential Long Targets.
Bitcoin has been dumping and some may not be feeling all that great at the moment.
We want to show some potential confluence for a bounce up.
Though we don't like trading head and shoulder patterns too much, there is an argument to be made for the pattern being played out now. The target is lower $8000 ranges.
Fibonacci GOLDEN RATIO 0.5 to 0.618 is also at lower $8000 ranges.
VPVR shows an abundance of support at lower $8000 ranges.
Ichimoku Cloud is showing support around lower $8000 ranges.
It is important to remember that one should await confirmation and not try to catch falling knifes for higher probability trades.
Stay safe and happy trading, cheers. :)
We want to show some potential confluence for a bounce up.
Though we don't like trading head and shoulder patterns too much, there is an argument to be made for the pattern being played out now. The target is lower $8000 ranges.
Fibonacci GOLDEN RATIO 0.5 to 0.618 is also at lower $8000 ranges.
VPVR shows an abundance of support at lower $8000 ranges.
Ichimoku Cloud is showing support around lower $8000 ranges.
It is important to remember that one should await confirmation and not try to catch falling knifes for higher probability trades.
Stay safe and happy trading, cheers. :)
Smart Crypto Association [ SCA ]
