Bitcoin 3 Possible Scenarios:
1. Green Line (Current): Bitcoin may experience a dump to around 29000, followed by a retracement towards a new top near 33000. Currently shorting but monitoring for potential reversal.
2. Yellow Line: If Bitcoin breaks out and reaches 33000, I will stop my current short position and enter a long position (white line) on the breakout.
3. Worst-case Scenario: If 29000 support doesn't hold, Bitcoin may retest 25000, prompting me to open a new short position upon the break of 29000. Monitoring closely for downside movement.
#Bitcoin #TradingView #Cryptocurrency #TechnicalAnalysis
2. Yellow Line: If Bitcoin breaks out and reaches 33000, I will stop my current short position and enter a long position (white line) on the breakout.
3. Worst-case Scenario: If 29000 support doesn't hold, Bitcoin may retest 25000, prompting me to open a new short position upon the break of 29000. Monitoring closely for downside movement.
#Bitcoin #TradingView #Cryptocurrency #TechnicalAnalysis
Not financial advice !!!
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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.
Not financial advice !!!
mSamex Exchange (No KYC Needed): msamex.com
mSamex Links: linktr.ee/msamex
Telegram Channel: t.me/meshtrade_ir
mSamex Exchange (No KYC Needed): msamex.com
mSamex Links: linktr.ee/msamex
Telegram Channel: t.me/meshtrade_ir
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.