BTCUSD - bitcoin in in real tussle but new trend epxected
BTCUSD is tough to call right now. Thsi post shows the 2hr chart which is useful for 1-3 outlook. the TCF is now forcasting a Trend move but both bull biased algos and bear biased of working. (profitable trades). It is tough to get a picture here. Here is where it pays to take short term trend biased trades because traders can wait for a break and then jump on the ALGO / trades in that direction. Previously I was looking for more of a channel to be trade (daily chart) but no substantially selling has emerged which is good for bulls but as my daily charts points, the likelihood of selling is still the case. As this point, i am on the sidelines looking for the break then would take counter move trades
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.