BTC to take the highs - potential 25-30% pull back soon.
Updated
I think bitcoin runs up to take the highs into the "institutional" golden pocket (using candle bodies on HTF to measure)..
A lot of confluence and resistance ahead.
Good time to get cautious when that price is tapped.
A lot of confluence and resistance ahead.
Good time to get cautious when that price is tapped.
Trade active
Well well well... right on schedule.. huge drop to wipe out levered longs last night... low liquidity sunday night .. I think we drift lower from here on in ...I’d say we may get a few weeks of alts ripping higher before price walks down and eventually nukes in to support. If this level held it would make a higher low..
I think it depends on the news.. if etf approved, sell the news event, but still positive outcome so it finds support locally
Otherwise etf denial would send it to the golden pocket support on HTF
33k bitcoin is etf approval target if it dips
25-26k if not, lower (22k looks like another decent support). It’s not the end of the world. Bitcoin has other catalysts - the halving, rates reversing, money printing, more bank failure
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own 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.