Bitcoin Daily Outlook
*Full targets hit (+2,600 pips), now looking to watch and wait until Sunday.*
Daily:
Bitcoin closed bullish once again and price has finally hit our full swing target. We had very good price action leading up to this move and it worked out almost exactly as expected. Now, price has hit a critical level and I believe it is possible for us to begin seeing a continuation to the downside from here. I may look at potential short setups over the weekend. If that does not work out, my eyes are set on $24,000 as another ideal level. It will depend on the price structure we see and if the right opportunity can present itself. For now, I will let take some time away from the charts until the weekend and let price continue developing. My focus will be on intraday structure this weekend.
Intraday:
Today was bullish and volatile. We had the perfect price action and conditions for this recovery and our full target was hit. I will watch the intraday chart over the weekend and look for potential opportunities.
Daily:
Bitcoin closed bullish once again and price has finally hit our full swing target. We had very good price action leading up to this move and it worked out almost exactly as expected. Now, price has hit a critical level and I believe it is possible for us to begin seeing a continuation to the downside from here. I may look at potential short setups over the weekend. If that does not work out, my eyes are set on $24,000 as another ideal level. It will depend on the price structure we see and if the right opportunity can present itself. For now, I will let take some time away from the charts until the weekend and let price continue developing. My focus will be on intraday structure this weekend.
Intraday:
Today was bullish and volatile. We had the perfect price action and conditions for this recovery and our full target was hit. I will watch the intraday chart over the weekend and look for potential opportunities.
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