BitcoinSatış
BTCUSD
I do think that multiple confluences can turn my bias on BTCUSD to the downward. By the way, I'm considering a SHORT on the BTCUSD because of the following:
1- Recovery of the (DXY) USD Index
2- Formation of the H&S pattern - The H&S neck seems to have been broken and retested but let's wait for that level to hold and see strong bearish price action - rejection at the resistance zone..
3- There is also an ascending channel formed
4- Price broke a key level to the downside and it still holds it.
However, in the long-run I remain still bullish on the overall long-term trend of this pair and this current SHORT setup could potentially mean a short-term sell-off...
Your feedback is highly appreciated! Many Thanks in advance!
1- Recovery of the (DXY) USD Index
2- Formation of the H&S pattern - The H&S neck seems to have been broken and retested but let's wait for that level to hold and see strong bearish price action - rejection at the resistance zone..
3- There is also an ascending channel formed
4- Price broke a key level to the downside and it still holds it.
However, in the long-run I remain still bullish on the overall long-term trend of this pair and this current SHORT setup could potentially mean a short-term sell-off...
Your feedback is highly appreciated! Many Thanks in advance!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.