BitcoinShort
BTC Short?
Following on from the last post/prediction. The daily TF seems to be printing a nice falling wedge that seems to fit our narrative should it come good - smaller time frames show we are range bound between $40,000 - $30,000 (maybe a potential Wyckoff Schematic?) but should we see this break out to the downside expect a sharp decline into the low £20,000's with a further push down to $10,000 where the selling pressure should climax and we find support finally upon completion of our previous prediction. With people finding value at this level as well as the taking of profits in this zone, potentially a nice bounce at this level which should set us up nicely for a break of structure of the wedge and a consequential rally to the upside.
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.