BTC / USD TA
What to expect in short term?
There are actually few scenarios, including bull inverse head n shoulders, bull flag on target time frame, short term bearish trend and more.
Safe short term target would be just around $9,900 zone, with resistance just around $10,500 area. Longer term bear target if confirmed would be around $8,800 zone which is also right at our channel support with bull target if confirmed on break of local resistance at $10,500 would be $12,200 followed by $16,000
At this point if you're interested in staying safe, setting up hedge positions would be best. Riskier investors should trade the trend.
What to expect in short term?
There are actually few scenarios, including bull inverse head n shoulders, bull flag on target time frame, short term bearish trend and more.
Safe short term target would be just around $9,900 zone, with resistance just around $10,500 area. Longer term bear target if confirmed would be around $8,800 zone which is also right at our channel support with bull target if confirmed on break of local resistance at $10,500 would be $12,200 followed by $16,000
At this point if you're interested in staying safe, setting up hedge positions would be best. Riskier investors should trade the trend.
