BTCUSD is potentially entering in a Barb Wire, meaning bulls and bears are in equilibrium and any breakout to either side has a good chance of being a false breakout.
I'm going to stay out of it for now.
If price breaks through the bear TL and make a strong reversal bar at the All Time High, it could potentially be a good short trade with high RR.
I'm going to stay out of it for now.
If price breaks through the bear TL and make a strong reversal bar at the All Time High, it could potentially be a good short trade with high RR.
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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.