Thoughts on BTC, not the word of God.
If you are looking for someone to tell you how to spend your money, you are in the wrong place.
I usually don't chart on CB - for obvious reasons, so excuse that.
Looking at the 1D, the correction is underway and the numbers (The amount it generally corrects) are in line with previous corrections.
The only thing missing is the timeline (A week of down-trending). Then again, the build-up was a lot different than previous climbs to ATHs. So the correction should also look different.
Waiting to see if a pullback occurs, then further analysis will be necessary.
Other than that, we wait and watch as it dips - because that is the trend.
If a pullback occurs, there could be a solid climb.
This would coincide with the futures on Monday if that scenario played out positively.
I usually don't chart on CB - for obvious reasons, so excuse that.
Looking at the 1D, the correction is underway and the numbers (The amount it generally corrects) are in line with previous corrections.
The only thing missing is the timeline (A week of down-trending). Then again, the build-up was a lot different than previous climbs to ATHs. So the correction should also look different.
Waiting to see if a pullback occurs, then further analysis will be necessary.
Other than that, we wait and watch as it dips - because that is the trend.
If a pullback occurs, there could be a solid climb.
This would coincide with the futures on Monday if that scenario played out positively.
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.