Bitcoin / TetherUSViés de alta
It's not over until the fat whale sings
Congrats to those that took the last two trades with me! We fell to pretty much exactly the yellow line I had indicated, during which I closed my short in profit and flipped long instead. After that we had a nice little run-up on increasing volume.
We have now been consolidating and fell a little bit, but on low volume. The last hour we made a pretty strong bounce at the top of the 4hr bullish continuation zone and formed a bullish hammer. The daily candle also shows a green candle now above resistance, implying continuation to the upside.
Our target zone is marked through the .272 and .618 fib extensions. We are reaching a dangerous point where there is a good chance bitcoin will soon begin a strong retracement impulse, so close all longs somewhere in that fib extension range and start looking to flip short again.
We have now been consolidating and fell a little bit, but on low volume. The last hour we made a pretty strong bounce at the top of the 4hr bullish continuation zone and formed a bullish hammer. The daily candle also shows a green candle now above resistance, implying continuation to the upside.
Our target zone is marked through the .272 and .618 fib extensions. We are reaching a dangerous point where there is a good chance bitcoin will soon begin a strong retracement impulse, so close all longs somewhere in that fib extension range and start looking to flip short again.
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