BTC - One more Bull Push Before Downside Test?
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.
Note
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.Note
Had a nice little pullback before a weaker rally. This Idea is now complete.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.