BITCOIN levels Im looking at and when to LONG/SHORT
We have yet another smaller H&S formed - bearish
We also have a falling wedge - bullish
right now BTC is rejecting the top of the channel as well as the 200 EMA - bearish
Long - a break above channel as well as 62k (.5 Fib level) as the entry. SL 61500
Short - a break below the .618 Fib 61800. Tight stop loss at 61500 and remember to move stop loss up when you are in profit in case 60k bounces
We also have a falling wedge - bullish
right now BTC is rejecting the top of the channel as well as the 200 EMA - bearish
Long - a break above channel as well as 62k (.5 Fib level) as the entry. SL 61500
Short - a break below the .618 Fib 61800. Tight stop loss at 61500 and remember to move stop loss up when you are in profit in case 60k bounces
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