In yesterday's video I spoke about why I thought Bitcoin could drop back down to $29000.
1. Volume was decreasing with price going up
2. Big longs were opening up at resistance
In today's video I look at where BTC could go to in the next few days and see on the TPO and imbalance charts why price fell like it did.
I am looking for a small retracement back to the POC and if we have strength in that area I will be going long.
TP - back up at $31000 and if we break out, hold the position to $35000.
Have a look at the video for an in depth analysis.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
1. Volume was decreasing with price going up
2. Big longs were opening up at resistance
In today's video I look at where BTC could go to in the next few days and see on the TPO and imbalance charts why price fell like it did.
I am looking for a small retracement back to the POC and if we have strength in that area I will be going long.
TP - back up at $31000 and if we break out, hold the position to $35000.
Have a look at the video for an in depth analysis.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
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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.
Related publications
Disclaimer
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.