BTC is looking like it needs to hunt sell-side liquidity before a move up... simply put there's too many people long and we can't go up without knocking them out. Since everyone is waiting for 8600-8700s, it's fitting that the bottom would be around 8830 before a move to 9700 and eventually higher highs.
At the end of the day BTC is flagging consistent with a bullish continuation 70% of the time. I'm long and i have plans to get more long below.
At the end of the day BTC is flagging consistent with a bullish continuation 70% of the time. I'm long and i have plans to get more long below.
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.