At the moment, 2 scenarios have been formed.
The first is the scenario that I broadcast for a week, that BTC is weak and there will probably be a correction at least in the $50,000 zone.
The second, as we can see, BTC is kept in a narrow range and there may be an exit to the top again, up to $54,000 - $55,000.
It is very difficult now to say exactly where the market and BTC will go.
It is better to trade in fact, for example, in the case of a green scenario, we should go above the $ 52,000 zone, then test the $51,000 zone and there will already be a chance to go higher.
In the case of a red scenario, the output is above 52,000 and pinning is not allowed.
The first is the scenario that I broadcast for a week, that BTC is weak and there will probably be a correction at least in the $50,000 zone.
The second, as we can see, BTC is kept in a narrow range and there may be an exit to the top again, up to $54,000 - $55,000.
It is very difficult now to say exactly where the market and BTC will go.
It is better to trade in fact, for example, in the case of a green scenario, we should go above the $ 52,000 zone, then test the $51,000 zone and there will already be a chance to go higher.
In the case of a red scenario, the output is above 52,000 and pinning is not allowed.
Note
Bitcoin dominance looks interesting, it has fallen by only a couple of percent, altcoins have already started shooting at 100%-200%, can you imagine what will happen with this altcoin season?Therefore, I keep altcoins and do not plan to sell anything yet, we are still in the infancy.
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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.