1.After BTC reached 11832, it seems that the bulls aren’t strong enough to push BTC higher. Someone may have made some profit and closed the position because of the pull back to 11655. Be patient right now.
2. Right now BTC has been consolidating for a few hours. Hope my friends didn’t FOMO when BTC rise sharply to 118xx. Please remember always pay attention to the volume when breaking up/down. Also put up your stop loss step by step. Crypto market is very volatile, manage your risk and never FOMO.
3.A horizontal triangle may be forming on the 1h chart. The pattern is quite small, Wait until BTC take its direction. Technically, the long final take profit point is at 11950 approximately, the short final take profit point is at 11507 approximately.
4.To prevent fake out, I recommend to enter when the price is higher/lower than its previous high/low in the pattern. Only trade when breaking out the pattern. Where you enter depends on your risk control.
5.SPX500 dumped for 1.63%, since SPX500 and BTC still has a strong correlation recently, we should also keep it in mind that stock markets’ dump may drag BTC down.
Wish you all good luck!
2. Right now BTC has been consolidating for a few hours. Hope my friends didn’t FOMO when BTC rise sharply to 118xx. Please remember always pay attention to the volume when breaking up/down. Also put up your stop loss step by step. Crypto market is very volatile, manage your risk and never FOMO.
3.A horizontal triangle may be forming on the 1h chart. The pattern is quite small, Wait until BTC take its direction. Technically, the long final take profit point is at 11950 approximately, the short final take profit point is at 11507 approximately.
4.To prevent fake out, I recommend to enter when the price is higher/lower than its previous high/low in the pattern. Only trade when breaking out the pattern. Where you enter depends on your risk control.
5.SPX500 dumped for 1.63%, since SPX500 and BTC still has a strong correlation recently, we should also keep it in mind that stock markets’ dump may drag BTC down.
Wish you all good luck!
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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.
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.