While I do think 
BTC will ultimately still see a larger correction, I can't deny that the chart looks bullish here.
I think we're likely to see a final move over the next week or two up to $107k-108k to retest the prior highs. I think the middle resistance at $108,183 is the most likely target for the move.
After we hit that, that's where I'll start to position short on BTC.
Let's see how it plays out over the next week or two.
BTC will ultimately still see a larger correction, I can't deny that the chart looks bullish here. I think we're likely to see a final move over the next week or two up to $107k-108k to retest the prior highs. I think the middle resistance at $108,183 is the most likely target for the move.
After we hit that, that's where I'll start to position short on BTC.
Let's see how it plays out over the next week or two.
Note
Price needs to stay above the blue trend line otherwise the idea will be invalidated.Order cancelled
Looks bearish now. Original idea base case now. 
Note
Well chart shaping up, should at least hit the target, then we go down next week.Note
Target hit 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.