BTC/USD TD Sequential Daily 9 Sell Setup
I want to see us stay above $7000 here, maybe bottom just a little lower into the $6950 range. On Weekly time frame we're on an 8 count so we're still long until the end of the month, which then the 9's on both Weekly and Monthly will usher us into a 1-4 month correction.
Where are our ever so patient bears at???
P.S.
I think it's important to note that the pennant that can be seen on 1 hour time frame is most likely a bull trap that might break upwards a little, but then most likely the market will roll over. Use a stop loss/trailing stop.
Where are our ever so patient bears at???
P.S.
I think it's important to note that the pennant that can be seen on 1 hour time frame is most likely a bull trap that might break upwards a little, but then most likely the market will roll over. Use a stop loss/trailing stop.
Note
I forgot to add this:We got our 9 13 9 formation, and because weekly is on an 8 count this drop could be similar to the previous fall. Wouldn't be surprised if we touched all the way to 6200ish because of the completion of the 9 13 9.
Otherwise, I am still long until the end of the month.
Note
Pullback is over. We had a 2 day "pullback" of a red 1 and 2 counts. once price broke the high of the red 1 count it was a signal to look for a long, then price broke all time highs and that was a strong long signal.
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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.