BTC consolidating before bullrun
BTCUSDTPERPInvestors are collecting profits as the price is now near the peak all time high levels. Bull trend remains positive, but we will likely observe price consolidation for the day. You should monitor how low the price can reach during consolidation phase to evaluate the strength of buyer/bull sentiment.
I have plotted green/red boxes to illustrate the buy/sell opportunities.
- Green box = Higher support sentiment when price/candle is in the box
- Red box = Higher resistance sentiment when price/candle is in the box
*The darker the colour, the greater the sentiment.
Look out for my trading livestream here: https://m.youtube.com/channel/UC1xVPSojo8NXAtHUZ-qty_g
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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.