BTC managed to pump towards the $43k level but could't sustain the growth.
This pullback was imminent with all those bullish charts being shared in the community.
Late longs are trapped and it's time late shorts to be trapped too.
Once it happens BTC will be ready for the rally.
So far the point for bounce still remains the lower trendline support.
$38.5k (wick to liquidated late longs) to $39,3k level.
As long as the channel holds Bulls are in control in LTF.
Some fractals plotted in the chart , do observe!
Invalidation:- Close below the red line ($36,629)
Let me know what you think.
If my charts help you in any way please do hit the like button and share your views in the comment section.
Thank you
#PEACE
This pullback was imminent with all those bullish charts being shared in the community.
Late longs are trapped and it's time late shorts to be trapped too.
Once it happens BTC will be ready for the rally.
So far the point for bounce still remains the lower trendline support.
$38.5k (wick to liquidated late longs) to $39,3k level.
As long as the channel holds Bulls are in control in LTF.
Some fractals plotted in the chart , do observe!
Invalidation:- Close below the red line ($36,629)
Let me know what you think.
If my charts help you in any way please do hit the like button and share your views in the comment section.
Thank you
#PEACE
Trade active
On support, can POTENTIALLY WICK to the downside to liquidate the late longs and trap the late shorts.
Still valid and on track.
Trade active
#BTC :- Possibly a Liquidation wick is incoming, be careful if you are holding long positions on leverage.
Bulls are likely to get a nice long entry around $37.5k to $38.5k.
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Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.