BitcoinUpdated BTCUSD FORECAST
MARKET PHASE
BTCUSD is in a weekly uptrend, and is currently undergoing a daily timeframe expansion as well.
AREA OF VALUE
We can expect a volatility contraction which will form a corrective structure. This corrective structure will create sell side liquidity below it's lows (sell stops, shorts, stop losses).
TRADE
No trade. Wait for a corrective structure and creation of lows and liquidity.
BTCUSD is in a weekly uptrend, and is currently undergoing a daily timeframe expansion as well.AREA OF VALUE
We can expect a volatility contraction which will form a corrective structure. This corrective structure will create sell side liquidity below it's lows (sell stops, shorts, stop losses).
TRADE
No trade. Wait for a corrective structure and creation of lows and liquidity.
Note
High volatile, NO TRADE
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.
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.