BitcoinUpdated Approaching W1 Possible Consolidation Zone
When I view W1 chart, what I can see if possibility of big consolidation zone. One of this zone can be long term entry. If price hit sell zone first, then there is possibility that price can go down until buy zone. And if price hit buy zone first, then there is possibility the price can go up until sell zone. In the zone also there is possibility for consolidation. So you might want to hold and buy low or sell high in the buy/sell zone. What do you think?
Trade closed: stop reached
Sell zone direct break.
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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.