I can see some hype going on shorting bitcoin while the same traders a few days back were aiming for 6k targets lol.
Wait for the perfect price action to happen & then Long/Short.
It's currently trapped in a triangle where the resistance has been tested 2 times & the support almost 3 times which indicates that the support may not hold next time if it touches it (the blue lines) .
If the candle closes below the triangle the Pink lines will be the first two targets & the green box will be the final target & vice versa if it breaks the triangle in the upward direction.
Wait for the perfect price action to happen & then Long/Short.
It's currently trapped in a triangle where the resistance has been tested 2 times & the support almost 3 times which indicates that the support may not hold next time if it touches it (the blue lines) .
If the candle closes below the triangle the Pink lines will be the first two targets & the green box will be the final target & vice versa if it breaks the triangle in the upward direction.
Note
How did I obtain targets?1. Take Fib tool & draw it downwards the point A to Point B -- >>>
2. Once more take the Fib tool & draw from point B to Point C -- >>>
Note
After drawing both the fib tools notice the gap between -0.236 & 0.382 thats our target! Note
MACD update Note
Note
Strong af resistance!!
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.