Bitcoin / TetherUSUpdated BTC view for the next days
Hi all,
After watching BTC moves for some days, here is my view for the next steps. Potentially, BTC would come back to retest the $25300 level.
Before doing this, I expect that BTC will drop a bit more from here for liquidity grab. This means that BTC will deviate from the current blue box, to the down side, the go up to retest the higher ranges.
The scenario that I imagine is an "Accumulation phase" of BTC , ased on Wyckoff method. Certainly, this is just a hypothesis since we need more data to confirm it. An distribution procedure is also possible but I have a preference for "Accumulation" one.
So let's observe and trade step by step: As presented in chart, step 1 is a very good opportunity for Longs. Step 2 is more complex and late for an entry.
What do you think about this scenario?
Cheers!
After watching BTC moves for some days, here is my view for the next steps. Potentially, BTC would come back to retest the $25300 level.
Before doing this, I expect that BTC will drop a bit more from here for liquidity grab. This means that BTC will deviate from the current blue box, to the down side, the go up to retest the higher ranges.
The scenario that I imagine is an "Accumulation phase" of BTC , ased on Wyckoff method. Certainly, this is just a hypothesis since we need more data to confirm it. An distribution procedure is also possible but I have a preference for "Accumulation" one.
So let's observe and trade step by step: As presented in chart, step 1 is a very good opportunity for Longs. Step 2 is more complex and late for an entry.
What do you think about this scenario?
Cheers!
Note
BTC's prices are now at the trendline.If this trendline hold (in 4H TF), then it will be a good opportunity for Longs
Note
Note
AI cryptos are my picks for these longsNote
BTC didn't move as expected. I think that BTC show some signs of weakness and may go lower the next days
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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.