BITCOIN SHORT TERM ANLYSIS - THE WAVE 5 IS NOT DONE YET!
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A lot of people are shorting at these ranges. Also we see a lot of bear around here. This is for me the reason that there is a possibility to go to the 11.6k - 11.8k.
Get a break-out of the 'Descending triangle' that everybody sees. Then a lot of people are going too long. This is for me the reason that we might see a 'fake-out and making a 'lower high' around these 11.6 - 11.8k and that we are going back to the 10k area, to fill the gaps in these range.
The whales are playing with your mind ;-)
Stay safe and wait for conformations when you are taking a swing long or short ;-) This is the time for scalpers.
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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.