kaiomp

BTCUSD Bullish and Bearish swing setups

Long
BITFINEX:BTCUSD   Bitcoin
BTC price seems to be consolidating. After hitting strong retacement levels (78.6%), RSI levels are getting higher.
We are waiting to close Short Position and open Long Position after further confirmation.

If support line at $6200 is broken, we endorse the bearish setup and hope to hit next support level at $6000 and $5800.

Action to be taken when local trend lines are broken.

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