This has been a very boring BUT healthy move by BTC since the new set ATH.
All my previous TAs stand valid to the date meaning: BTC playing at the range 55K-57K with the potential to hit 53K which is a bit shy of 50% retracement/correction of the previous upward move to the ATH. Wave count and trend exhaustion seem to be in place and now A massive divergence in Short Term Volume and Price Oscillator. Summary
Buy at a break of 60670(Buy Stop) or buy at a maximum pull back at 53500K.
As expected, the price touched 53K area and the Buy at 53500 is now active and in play, given the rally continues as expected buy at breakout out 60670(Buy Stop) would be a good level to add to more Buy as I believe breakout of this level is further confirmation for price upward rally toward +70K area.
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.