We're slowly moving up. However, we meet some possible resistance here above. Same as for EURUSD and DXY.
But if we're talking crypto, if we consolidate for a while and then see another strong leg up, it could be an opportunity to go long.
But it could also be a shorting opportunity. In trading, a few different pathways usually needs to be taken into consideration. But for now, with limited upside before we hit resistance, I'm not doing anything.
But if we're talking crypto, if we consolidate for a while and then see another strong leg up, it could be an opportunity to go long.
But it could also be a shorting opportunity. In trading, a few different pathways usually needs to be taken into consideration. But for now, with limited upside before we hit resistance, I'm not doing anything.
Note
Total: we're up here. Divergence on Eth and BTC on Daily. WE could see one more push here. Nothing to do at the moment. The blue line depicts a scenario of going down, It will probably turn down at the same time as EURUSD does. Perhaps starting next week.
Note
High likelihood of more downside
Note
On H12. We're late in a Wyckoff cycle so there isn't much to do other than ta wait.
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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.