BTCUSDT 3D sine line
I'm experimenting with sine lines and wave counts.
We are in the 5th wave by my count.
I would not short or long right now until we have a clear structure.
Volume profile for current run (starting from March low) shows most volume around ~9k - ~9.8k.
That is around the 2.618 fib level from first March impulse and between 0.618 0.5 levels for a top of ~13.9k
Good news comes at resistance bad news comes at support.
We are in the 5th wave by my count.
I would not short or long right now until we have a clear structure.
Volume profile for current run (starting from March low) shows most volume around ~9k - ~9.8k.
That is around the 2.618 fib level from first March impulse and between 0.618 0.5 levels for a top of ~13.9k
Good news comes at resistance bad news comes at support.
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.