BTCUSD squeeze initiated
BTCUSD on short timeframes is entering a squeeze. Add to this a potential elliott wave triangle correction and it should be a recipe for another push to take us beyond 90k. I am skeptical but it's possible.
Two issues though:
1. @0830 inflation figures will be released, we can only hope inflation figures are positive and meet targets otherwise we'll see massive downside pressure which i seldom think can be beaten.
2. three times the market has tried to break 90k - now while i believe it was simply matter of needing to consolidate at a new support, there is always the possibility a bearish turn after a squeeze release.
to conclude - probs gonna make a new push but inflation figures could stop it in it's tracks
Two issues though:
1. @0830 inflation figures will be released, we can only hope inflation figures are positive and meet targets otherwise we'll see massive downside pressure which i seldom think can be beaten.
2. three times the market has tried to break 90k - now while i believe it was simply matter of needing to consolidate at a new support, there is always the possibility a bearish turn after a squeeze release.
to conclude - probs gonna make a new push but inflation figures could stop it in it's tracks
İşlem aktif
all of this considered, now is not the time for long term buy-ins. its for short term swing trades. we're nearing a potential limit seen as a curve that relates previous all-time-highs from BTC's creation. I doubt the general bullish direction of BTC can last much longer
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.
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.