BTC Outlook

29 thg 11, 2018

Blue block is acting as a support/resistance area in my opinion. My bias is short, because bears seem to have more control at this point (Long upper wicks). If we can hold and bounce from blue, then we will probably grind up to 4400-4600. If we cannot hold and we end up trading below blue box, I will be looking for retest of the lower OB EQ ~3800. I am net long for now, with small short hedge. Will short a retest of blue if we collapse. Be careful stop runs, there are areas with liquidity that would be easy to get to.