BITCOIN Is trading inside of this bearish flag/ ascending channel, price is currently about to test the 0.786 Fibonacci in confluence with the ascending trendline support, for now i am just monitoring the situation to see how price reacts to the zone of confluence, a break below this area will induce strong selling pressure. On the the other hand if we can see a nice reaction from this zone and a change of structure from an LTF perspective we will consider opening a intraday long.
For now we are on the side-lines waiting for confirmations in either direction
For now we are on the side-lines waiting for confirmations in either direction
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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.