BTC USD Follow up
BTC finally hit upper channel as thought it would back in early February. I underestimated the sellers remaining at the 11500 level and so it pushed timeline out a bit and so channel test was at a slightly lower price than estimated. The congestion zone on my chart is going to prove to be significant resistance and I would wait for a break above it to take position as I believe it will run to the 13000-14000 range if it does beak above it but it may take awhile. . Until then its a trading asset and nothing more to me.
Nice pin bar reversals after 3 large bearish candles is nice trade on smaller time frames but I expect lower daily prices from here. 8500-7500 range Id guess.
Nice pin bar reversals after 3 large bearish candles is nice trade on smaller time frames but I expect lower daily prices from here. 8500-7500 range Id guess.
Related publications
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.