Hello folks, this is my expectation for BTCUSDT, I think the bottom is not in and it's not reasonable to enter long from here. I assume that we are witnessing a final upswing move for BTC. I'll take a short position from 21500-22000 level and the target would be 12 500 for the next reasons:
1. Equal lows on 17 500 and a lot of buyers stop on that level if triggered BTC will dump hard.
2. Imbalanced zones below which should be taken out
3. SP is showing weakness with a potential bearish wedge forming.
1. Equal lows on 17 500 and a lot of buyers stop on that level if triggered BTC will dump hard.
2. Imbalanced zones below which should be taken out
3. SP is showing weakness with a potential bearish wedge forming.
Note
Idea will be invalidated if the price breaks above 22.8k levelNote
21 500 area was hit, now waiting for 12 500Trade closed manually
flip-flopping now and turning short term bullish
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.
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.