Recently btc dropped violently, A move that caught many by surprise. As expected, that was a major sign of weakness for a larger distribution.
Price is being held in consolidation to create uncertainities among traders and also to accumulate orders for a mini long position. We can expect longs as we head into next week after the spring action.
This position would provide a reasonable RR and a good way to increase account balance.
Price is being held in consolidation to create uncertainities among traders and also to accumulate orders for a mini long position. We can expect longs as we head into next week after the spring action.
This position would provide a reasonable RR and a good way to increase account balance.
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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.
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.