Over the past few days, BTC has continued its correction on the H4 timeframe as part of its bottoming process. That bottom appears to have been completed, and BTC is now moving into another upward leg.
This Saturday and Sunday, BTC is expected to push up toward the 88k–91k zone. The speed of this move will depend on overall market dynamics, but the 88k–91k range is a key area to watch for a potential continuation of the downtrend on the D1 timeframe.
The plan:
Short-term scalping on BTC in the LONG direction
Simultaneously wait for a solid SHORT entry point to swing back down to the 72k zone
Time to bite into BTC, folks. Good luck out there.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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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.