hi , i'm gonna share my personal view of BTC/USD
i think btc will drop more
there is two level in my watch now 4.5k-4.8k ish or 3.5k to 3.8k ish
there is hard resistance at 6.3k ish right now , and i dont think it was a bull flag pattern bcoz it taking to long , i think the big green bar is just another short squeeze before we go down again
*disclaimer : this is only my personal view of current action of BTC not a trading call , do your own research before opening any position and on your own risk
i think btc will drop more
there is two level in my watch now 4.5k-4.8k ish or 3.5k to 3.8k ish
there is hard resistance at 6.3k ish right now , and i dont think it was a bull flag pattern bcoz it taking to long , i think the big green bar is just another short squeeze before we go down again
*disclaimer : this is only my personal view of current action of BTC not a trading call , do your own research before opening any position and on your own risk
Note
we're on a wedge , there is strong resistance on 6366 and 6559 area Note
back in wedge , just another short squeeze , i spotted fractal too Note
after several attemps to break 6850 and failed , btc going back down and the target would be below 5k
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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.