Bitcoin is reacting off the most recent OB, We had initially bought the bounce before it reacted to the RRT we pointed out in our video review (
). For now the Bias is still a Buy until it breaks and CLOSES below the daily aqua zone of 30,782.99, we remain bullish. a break below that zone will expose BTC to further drops as we expect some gaps seen on BTC futures to be filled.
For those who trade patterns, BTC seems to be making a H &S on H4 and that portends a drop. H1 has no clear direction yet as both buyers and sellers have their patterns confirmed. Its basically sideways on H1.
We remain cautious. I see volatility coming back next week during the US inauguration. for now take your profits, place your stops and wait. We are paid to wait.

For those who trade patterns, BTC seems to be making a H &S on H4 and that portends a drop. H1 has no clear direction yet as both buyers and sellers have their patterns confirmed. Its basically sideways on H1.
We remain cautious. I see volatility coming back next week during the US inauguration. for now take your profits, place your stops and wait. We are paid to wait.
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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.