BTCUSD. Best case scenario, consolidation ahead.
Hi guys,
It looks to me like now's the time to relax and let the market consolidate and find its floor. Personally, I'm waiting for alignment of indicators on both timeframes. Right now there is no order in energies of the market. 9D chart shows no real inflow of money during the recent rally. 3D chart however did confirm the move by increase of capital (CMF).
Bullish scenario would be a period of consolidation then another leg up regaining previous highs.
Bearish scenario is as follows BTC breaks the floor triggering SL below 30k region and rapidly precipitates the entire crypto market into capitulation.
Please share your thoughts below.
Have a great day!
It looks to me like now's the time to relax and let the market consolidate and find its floor. Personally, I'm waiting for alignment of indicators on both timeframes. Right now there is no order in energies of the market. 9D chart shows no real inflow of money during the recent rally. 3D chart however did confirm the move by increase of capital (CMF).
Bullish scenario would be a period of consolidation then another leg up regaining previous highs.
Bearish scenario is as follows BTC breaks the floor triggering SL below 30k region and rapidly precipitates the entire crypto market into capitulation.
Please share your thoughts below.
Have a great day!
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.