Bitcoin correction and forward! Plan "B" SHORT is there too!
Subscribe and get a free trading strategy for Bitcoin and Etherium every day!
Good afternoon, we are going within the correction described the day before yesterday, now we will analyze with you the options to go up, as well as plan "B" to go short and continue the correction, now a lot depends on SP500 I write this every post, as it is really important, yesterday I asked you to be careful at 15:30, the result of consumer price index data was disappointing and we went into a forecasted correction. Yesterday and today there are withdrawals from the exchange reserve, big withdrawals and Ether... find out in the next post about Ether))) Bitcoin is trying to find support around 20k
Long
Bitcoin needs to consolidate above the 20500 level, break through the 21500 level and consolidate above it in order to continue its local upward movement. For now, we will watch how we consolidate above the 20k level. Extra target for the correction remains at 19500.
Short
Short scenario for Bitcoin, a move below 19500 and a test of this order block from below.
Be careful, good luck!
P.S.
I do not adhere to a time frame in my analysis of the instrument, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well, a couple more secrets, but you already have some ready-made material)))
Good afternoon, we are going within the correction described the day before yesterday, now we will analyze with you the options to go up, as well as plan "B" to go short and continue the correction, now a lot depends on SP500 I write this every post, as it is really important, yesterday I asked you to be careful at 15:30, the result of consumer price index data was disappointing and we went into a forecasted correction. Yesterday and today there are withdrawals from the exchange reserve, big withdrawals and Ether... find out in the next post about Ether))) Bitcoin is trying to find support around 20k
Long
Bitcoin needs to consolidate above the 20500 level, break through the 21500 level and consolidate above it in order to continue its local upward movement. For now, we will watch how we consolidate above the 20k level. Extra target for the correction remains at 19500.
Short
Short scenario for Bitcoin, a move below 19500 and a test of this order block from below.
Be careful, good luck!
P.S.
I do not adhere to a time frame in my analysis of the instrument, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well, a couple more secrets, but you already have some ready-made material)))
Related publications
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.