Bitcoin / TetherUSShort
4HR next week will form top - BTC reversal
BTC vs DXY
Looking at flipping BTC 4hr chart and comparing this with DXY.
We are currently forming a double bottom flipped, also known as liquidity setup, before pushing price higher to around 106k range to grab the liquidity and a trend reversal to happen.
YOU can wait until the rend trendline is broke before you short or wait for the macd pattern to play out to enter short with tight stop loss.
Entry range could be around 106-108k range.
Looking at flipping BTC 4hr chart and comparing this with DXY.
We are currently forming a double bottom flipped, also known as liquidity setup, before pushing price higher to around 106k range to grab the liquidity and a trend reversal to happen.
YOU can wait until the rend trendline is broke before you short or wait for the macd pattern to play out to enter short with tight stop loss.
Entry range could be around 106-108k range.
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.