Bitcoin will most likely pull back from its current positions.
If we make a LH and a HH we can continue further in the current uptrend
if we make a LH and a LL we might see a new downtrend form, nothing is for certain as Bitcoin is very volatile
I will be looking to bid the 0.618 and the 0.786 fib level (50,000 and 51,000)
If we make a LH and a HH we can continue further in the current uptrend
if we make a LH and a LL we might see a new downtrend form, nothing is for certain as Bitcoin is very volatile
I will be looking to bid the 0.618 and the 0.786 fib level (50,000 and 51,000)
Note
HL has been made and Inefficiency filled now waiting for HH (52400 and above)Since Market Structure is bullish I will be buying pullbacks on Lower Timeframes relative to higher Timeframe
Trade closed: target reached
HH has been made Bitcoin idea played out
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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.