BTC: Possible course of action with timeframes
Bonjour!
This is what I believe the next course of action of bitcoin will be. I believe it is setting up perfectly from a fundamental and a technical point of view.
Fundamentally, everything is written on the chart using real timeframe.
Technically:
I drew the major resistance keys (areas where a short is good on a first test).
Refer to Nasdaq Composite, BTC 2014 bubble to understand why a double bottom is in play, as it is a classical bubble move.
Cordialement,
This is what I believe the next course of action of bitcoin will be. I believe it is setting up perfectly from a fundamental and a technical point of view.
Fundamentally, everything is written on the chart using real timeframe.
Technically:
I drew the major resistance keys (areas where a short is good on a first test).
Refer to Nasdaq Composite, BTC 2014 bubble to understand why a double bottom is in play, as it is a classical bubble move.
Cordialement,
Note
This is more of a short term update for Bitmex players.I'm opening a short and closing around 3550-3600.
I don't think we will retest 3000 just yet, if you look at the daily, a red candle is expected among 8 days of green candles
Note
Hit.I expect that we might see a movement upwards tomorrow now.
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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.