BTCUSD
BTC is currently trapped between this weeks open and the monthly open with the CME gap at 24k looming below.
If we lose the weekly open I see no reason BTC doesn’t tap 24k before the next leg higher.
The long trigger I would look for below the weekly open, the short trigger above the monthly open.
On the daily there is still room to print a lower low, structure is still bearish and has not given and information stating otherwise. I will play things as I see them, for now I’m on the sidelines waiting for an opportunity that presents the lowest possible risk.
If we lose the weekly open I see no reason BTC doesn’t tap 24k before the next leg higher.
The long trigger I would look for below the weekly open, the short trigger above the monthly open.
On the daily there is still room to print a lower low, structure is still bearish and has not given and information stating otherwise. I will play things as I see them, for now I’m on the sidelines waiting for an opportunity that presents the lowest possible risk.
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.