BTC Trading Range - Potential Short?
- BTC current trading between 49000 and 51000
- The same pattern has occurred previously which, was followed by a hard drop
- I am expecting it to do the same since the overall direction for BTC is in a downtrend but will need to wait for a strong confirmation
- Once the weekdays start and strong buyers push it in to bring it up to 52000, I will look to go long but in the current market state, I am expecting a bigger correction to occur
- The same pattern has occurred previously which, was followed by a hard drop
- I am expecting it to do the same since the overall direction for BTC is in a downtrend but will need to wait for a strong confirmation
- Once the weekdays start and strong buyers push it in to bring it up to 52000, I will look to go long but in the current market state, I am expecting a bigger correction to occur
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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.
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.