BTC distribution, Sideways action, then Drop.
Swing trade: Short BTCUSD
Target : 20k
It's pretty straight forward, not much has happened to break 29,000. Maybe there will be a couple more attemps, but will ultimately fail. April will be a sideways month and then a big drop. May should be better for BTC.
Lets wait and see.
Target : 20k
It's pretty straight forward, not much has happened to break 29,000. Maybe there will be a couple more attemps, but will ultimately fail. April will be a sideways month and then a big drop. May should be better for BTC.
Lets wait and see.
Trade active
First Target 26350.High probability of sideways action before reaching target.
Note
On course to reach target.Lower high.
Did not break trend channel,
Note
BTC taking its sweet time to go down, perhaps it will go to 28500 before going down. (liquidating high margin traders)— "When the water is calm, take as much distance as possible with your boat!" - Mehmet Murat ildan.
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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.