as you can see, the price has been moving within the confines of a triangle for the past few days and it can go either way. if it breaks up, it could go up to 10750-10800; but if it breaks down, it should go down to 10200-10300 area which would be a little bit worrying; since there would be a Hs pattern on 4H time frame and it's target would be somewhere around 9200 area. it could be just a wick, but it is there on the chart. we also have the CME gap beneath us at around 9600-9700 which could be filled in this case. over all the prospect of BTC is a little bit uncertain and scary right now, personally i wouldn't take any position in this times of uncertainty, but in my opinion it could a great opportunity for a good short with a tight stop loss.
but as you all know, do your own research and trade safe.
but as you all know, do your own research and trade safe.
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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.