Key notes:
- If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
- For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
- I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge will be resolved with target between 9k - 9.4k.
Note
Note
Selling volumes are still decreasing, I'm waiting for a confirmation of breakdown of the trend lines to close the trade with loss.Trade closed: stop reached
BTC looks weak and goes to 6.5k, it seemsNote
The level still can hold, but the risk of breakdown and free fall is too highTrade active
Level seems to be hold. Looking for the next movements. This week is decisive.Note
Also there is MA240 daily, which supports the price hereNote
For now, it looks like it was a fake breakdown. Target is the same: 9kTrade closed manually
BTC couldn't recover from here. It's better to close the longs, because another drop can occur on a thin market during the weekend
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.
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.