I think BTC is doing a more complex corrective structure.
You should look for buy setup on lower time frame when the price will be under 10k.
If Bitcoin break 20 000$ and make a flag over the 20k support, i buy the breakout to 25k.
For the moment i only see a sell setup in BTC, so be careful of FOMO.
You should look for buy setup on lower time frame when the price will be under 10k.
If Bitcoin break 20 000$ and make a flag over the 20k support, i buy the breakout to 25k.
For the moment i only see a sell setup in BTC, so be careful of FOMO.
Note
The short setup is still valid. Market moves in 3 waves.We had 1 impulse down, now its correcting and we will have another impulse down.
After the next impulse, we will looks at the patterns and if we see its correcting again for a 12345, we will short another breakout.
Under 10k , ill start to looks for buy setup and not shorting anymore. I will update my ideas on BTC at this time.
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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.