A case more bullish than an undoing of the move of BTC from $60K to six digits...
Price action could plausibly retrace to the 200d MA or Golden Pocket of the move from the 10/10/24 Swing Low and find support on either.
This case would likely play out as a violent wick down and v-shaped return to VAL of the volume profile. If we are talking a Golden Pocket retracement, a noteworthy CME Gap would be filled.
Price action could plausibly retrace to the 200d MA or Golden Pocket of the move from the 10/10/24 Swing Low and find support on either.
This case would likely play out as a violent wick down and v-shaped return to VAL of the volume profile. If we are talking a Golden Pocket retracement, a noteworthy CME Gap would be filled.
Trade active
First of these targets tagged with a strong response. A clearly engineered dump. Is it enough to sate the bears?I would be keen on a swing long from 68K.
tradingview.com/chart/M6A2SFhQ/
Trade closed: target reached
200d SMA holding, but barely, as of 1:00 UTC 2/28. Fear and Greed: 2/27: 10 | 2/28: 16
Money flow and lack of bullish volume would *lead* one to believe 80K and the 200d MA won't hold.
tradingview.com/chart/M6A2SFhQ/
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.
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.