Upward structure has been broken and now created a lower low, seeking for that new lower high. Will it drop after the first reaction on structure or will it shoot higher and then drop. Either way, I expect almost all cryptos to drop. Trade at your own risk & remember, Happy Trading !
Trade closed: target reached
This long trade is now closed as a huge drop is coming. Those who stay in this trade still going long, you may catch a small move up but be ready for a huge drop coming for almost all crypto. Best of luck to yah & Happy TradingTrade active
Bitcoin may have 1 more move up even though it touched a major area for me and there was quickly a rejection candle. I expect 1 more move up and than a big drop coming. So far the move has played out very well. What I always tell people, don't get greedy, take your profits and look for your next opportunity. Happy Trading everyone.
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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.