If the market is to seek liquidity, then price may break above 10500 to find resistance in the next local supply zone.
This seems likely to happen before the halving, not after (a kind of "buy the rumour, sell the news" situation) - placing time on our side for a short term long position:
Side: long
Entry: 8750.0
Stop Loss: 8179.0
Target: 11644.0
RR(BTC): 3.46
RR(USD): 5.07
This seems likely to happen before the halving, not after (a kind of "buy the rumour, sell the news" situation) - placing time on our side for a short term long position:
Side: long
Entry: 8750.0
Stop Loss: 8179.0
Target: 11644.0
RR(BTC): 3.46
RR(USD): 5.07
Trade active
Note
21min Hammer candle on support.Tight Bollinger Bands = potential high volatility in near future
Note
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.