BTCUSD (BITCOIN)- Selling Opportunity
We are looking for Bitcoin to potentially get to this level before looking for any signs of weakness in price. If no signs present themselves we look again for the previous top of the pattern before looking for another selling opportunity.
Note
We could currently being getting one of the following outcomes. Monitor price action to see if it is corrective or impulsive.Note
We have gotten the first aspect of our correction. We are now looking for a move that is similar to this.Note
Continue Selling this pair until it gets to the bottom trendline or provides a bullish impulse. Updates will be provided.Note
Note
We are looking for another corrective pattern to enter the market for another sell. Hopefully, we have traders who got in on the sell prior.
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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.