While I am bearish BTCUSD medium-term, the decline also provides an opportunity for very short-term play.
We are near bottom Donchian channel bottom, and STOCH (not shown) shows we are near end of run.
Buy at $ 56,500- $ 57,250 for a move towards $ 61,250. Stop-Loss below $ 55,000 as a break will ignite $ 38,000 objective.
We are near bottom Donchian channel bottom, and STOCH (not shown) shows we are near end of run.
Buy at $ 56,500- $ 57,250 for a move towards $ 61,250. Stop-Loss below $ 55,000 as a break will ignite $ 38,000 objective.