BitcoinLong
BTCUSD simple analysis: bearish to bullish
Updated
Chart reached 70.25k and went bearish, staying in a state of sideways. This sideways form a triangle which broke below. Watching USD strength, there's a great chance that bitcoin will get even weaker making a bearish trend, but for safety, I don't recommend on selling. D1 timeframe shows that tuesday haves high chance to finish bullish, so if bearish happens, it may only be a bearish shadow and candle may transform to bullish at the end of the day.
Trade wise 👍.
- Hope to recieve boost!
- This follows up my D1 plan, fifth wave of Elliot Wave.
Trade wise 👍.
Note
I said that bitcoin becomes weaker, but the correct way is "stronger", because dollar is now strong but bitcoin becomes stronger to make the bearish.
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.