Bitcoin / TetherUSShort
BTC's great wall
Updated
hi ,
as u can see on Weekly timeframe BTC has a great block ahead .
recently price made its way into the block but now is rejected and all this week move , was only a retrace into it , so what happens now ?
as u might have already guess , SHORT on BTC seems acceptable , but !
if price goes in and out of this block in the upcoming weeks , and kinda plays with its boarders ,
THEN ITS POSSIBLE FOR PRICE TO BREAKE ABOVE THIS BLOCK .
but for this week and the next week , i am short on BTC
as u can see on Weekly timeframe BTC has a great block ahead .
recently price made its way into the block but now is rejected and all this week move , was only a retrace into it , so what happens now ?
as u might have already guess , SHORT on BTC seems acceptable , but !
if price goes in and out of this block in the upcoming weeks , and kinda plays with its boarders ,
THEN ITS POSSIBLE FOR PRICE TO BREAKE ABOVE THIS BLOCK .
but for this week and the next week , i am short on BTC
Note
BUT in D timeframe we now see STH higher than the ITH , that indicates a COC ,so in daily , i am LONG
Trade active
so in daily i saved a little profit , (price didn't reach my initial TP) and after breaking bellow the triangle , we now aim at lower prices both in daily and weekly
Note
the beginning of an end on the way !!JK , we may now see prices near 25K but BTC is alive and eager to reach it's ATH
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.