GAME PLAN
The next move of Bitcoin can be anyone from the green and red scenario... be prepared for both. Manage risk well on your position.
We can just move up and down in a wedge in the green scenario before the BAKKT launch. (Distribution) and then dump after/near Bakkt launch.
OR
We can do a massive dump in a few days to 21 weekly EMA and shake out the week hands and again bring BTC back up on the same BAKKT news and its hype.
Do give a LIKE if my analysis helped you =)
We can just move up and down in a wedge in the green scenario before the BAKKT launch. (Distribution) and then dump after/near Bakkt launch.
OR
We can do a massive dump in a few days to 21 weekly EMA and shake out the week hands and again bring BTC back up on the same BAKKT news and its hype.
Do give a LIKE if my analysis helped you =)
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.